AutoNavi Revenue Declines, Marks Transition from Paid to Free Navigation

Today Chinese map maker and navigation/ LBS vendor AutoNavi announced a net revenues $38.2 million for the second quarter of 2013, down from $40.2 million in the second quarter of 2012.


Gross profit in the second quarter of 2013 was $26.2 million, compared to $30.1 million in the second quarter of 2012. 


Operating income in the secon…