Garmin (GRMN -5.1%) could be a victim of Apple's pending iOS update, warns Oppenheimer. The firm...

|About: Garmin Ltd. (GRMN)|By:, SA News Editor

Garmin (GRMN -5.1%) could be a victim of Apple's pending iOS update, warns Oppenheimer. The firm thinks Apple (AAPL), which is expected to unveil a proprietary mapping solution this week at its developer conference, will also follow Google's lead in including turn-by-turn mobile navigation services with its mobile OS, thereby causing further damage to the handheld/automotive GPS market.