💨 Abstract

TomTom, a digital mapping specialist, expects lower annual sales for its location technology unit due to weak demand for new cars. This follows a global auto market slowdown and the company's decision in July to trim its revenue expectations for 2024. Despite losses in the consumer division, TomTom is investing in its new mapping platform, TomTom Orbis, to grow its location technology business, particularly in automotive. The company's revenue fell to €140.7

Courtesy: theprint.in

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