The wireless world is buzzing about location-based services (LBS) thanks to two significant announcements this week from GPS makers that new turn-by-turn navigation systems for the iPhone are on the way.

But Apple (NASDAQ: AAPL) isn't the only vendor making LBS headlines, as Research in Motion (NASDAQ:RIMM) acquired Dash Navigation and recent data shows LBS as an emerging trend in mobile, resulting in opportunities for both advertisers and carriers.

This past Monday, TomTom announced it is working with Apple to deliver the first dedicated "in-car navigation solution" for the iPhone 3G S, comprised of a TomTom navigation app combined with a car kit designed specifically for the iPhone.

Apple is focusing on development of the app itself, which will include routes and maps from Tele Atlas when it becomes available at the App Store following the release of iPhone Software 3.0 on June 17.

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