PosiMotion is claiming the first wireless GPS accessory for Apple's iPhone and iPod touch title. The GPS add-on is actually compatible with any Wi-Fi device, but will be shipping with exclsive software that enables proper iPhone/iPod touch integration. The G-FI is reported to be in the final stages of production, and it will be available in the summer 2008.
Implications - Creating applications for smartphones is definitely a good idea for any business that wants to stay in tune with their consumers. Applications can feature anything from coupons to a business's new releases. Businesses that have a phone app will have their consumers acknowledging their presence in the world of technology.