TomTom shares jump after Apple renews digital maps contract


  • TECH
  • Wednesday, 20 May 2015

A TomTom navigation device is seen in this photo illustration taken in Amsterdam February 28, 2012. REUTERS/Robin van Lonkhuysen/United Photos/Files

AMSTERDAM: Dutch navigation systems company TomTom NV said Apple Inc would continue to buy its digital maps, giving a vote of confidence that sent the Dutch company's shares more than 7% higher to a near six-year high. 

TomTom did not release details of the latest deal between the two companies, which some analysts said may be skewed in Apple's favour due to the prestige that accrues to TomTom for working with the US company. 

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