Apple expands iPhone satellite services deal, commits $1.1bn to expand capacity - 9to5Mac
Satellite services provider GlobalStar today disclosed an expansion of its deal with Apple. Apple will commit an additional $1.1 billion for upfront infrastructure prepayments, to increase the capacity of satellite services. Additionally, Apple will take 20% ownership of GlobalStar, in an equity deal worth about $400 million.
The news has sent GlobalStar stock soaring, and it hints towards Appleās growing plans for iPhone satellite features. With iOS 18, for instance, iPhone users are now able t...
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