TomTom sees more supply chain constraints in 2022, misses Q4 estimates


FILE PHOTO: TomTom navigation are seen in front of TomTom displayed logo in this illustration taken July 28, 2017. REUTERS/Dado Ruvic

(Reuters) -Dutch navigation and digital mapping company TomTom said on Friday it expected more supply chain constraints in 2022, as it reported a bigger-than-expected quarterly core loss.

The Amsterdam-based firm said supply chain shortages would persist throughout the year before easing in 2023.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

EU court adviser backs data privacy activist Schrems in Meta fight
Spotify says Apple has rejected its app update with price information for EU users
Amazon to invest $11 billion in Indiana to build data centers
IBM falls as enterprise-spending constraints choke consulting demand
Net neutrality rules to be restored in US agency vote
India's Tech Mahindra misses Q4 revenue view on weak communications segment
Explainer-Where are Wall Street's analyst notes on Trump's Truth Social?
AI spending worries cast gloom over Alphabet, Microsoft
Electric cars and digital connectivity dominate at Beijing auto show
Most global tech leaders see their companies unprepared for AI

Others Also Read