TomTom shares jump after Apple renews digital maps contract

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 per cent 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.