Globalstar stock rockets after report says Apple could add satellite communications to next iPhone

Dow Jones2021-08-30

MW Globalstar stock rockets after report says Apple could add satellite communications to next iPhone

Shares of Globalstar Inc. $(GSAT)$ are up 49% in Monday morning trading after a report indicated that Apple Inc. $(AAPL)$may be looking to add satellite communications to its next iPhone and could work with Globalstar to do so. MacRumors cites a report from analyst Ming-Chi Kuo saying that Apple's iPhone 13 will offer low-earth orbit $(LEO)$ satellite communications that will let users send messages or make calls even if they don't have 4G or 5G cellular connections. The iPhone 13 will have a custom Qualcomm Inc. $(QCOM)$ chip that supports satellite communications, per the report. Globalstar declined to comment on the report. Apple didn't immediately respond to MarketWatch's request for comment. Globalstar shares have increased 530% over the past 12 months as the S&P 500 has risen 29%.

-Emily Bary

$(END)$ Dow Jones Newswires

August 30, 2021 10:39 ET (14:39 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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Comments

Tansri
2021-08-30
Tansri
It’s a plus features over its competitors. If this true, there are ppl might switch to iPhone as they no longer need 4G network to communicate when they go into wilderness.
Felibhai
2021-08-30
Felibhai
Finally
Darius88
2021-08-30
Darius88
Does it’s price justify the news?

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If this true, there are ppl might switch to iPhone as they no longer need 4G network to communicate&nbsp;when they go into wilderness.&nbsp;","listText":"It’s a plus features over its competitors. If this true, there are ppl might switch to iPhone as they no longer need 4G network to communicate&nbsp;when they go into wilderness.&nbsp;","text":"It’s a plus features over its competitors. If this true, there are ppl might switch to iPhone as they no longer need 4G network to communicate when they go into wilderness.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811427944","repostId":2163826828,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":811487310,"gmtCreate":1630336885330,"gmtModify":1676530274837,"author":{"id":"3572525068356972","authorId":"3572525068356972","name":"Felibhai","avatar":"https://static.tigerbbs.com/c5e03838c0be547dae0f418260a1d8d3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572525068356972","authorIdStr":"3572525068356972"},"htmlText":"Finally","listText":"Finally","text":"Finally","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811487310","repostId":2163826828,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":811481644,"gmtCreate":1630336521488,"gmtModify":1676530274701,"author":{"id":"4089770074693460","authorId":"4089770074693460","name":"Darius88","avatar":"https://static.tigerbbs.com/5008bb0fca1aea457a4f9a3fcff7416d","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"4089770074693460","authorIdStr":"4089770074693460"},"htmlText":"Does it’s price justify the news?","listText":"Does it’s price justify the news?","text":"Does it’s price justify the news?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811481644","repostId":2163826828,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":5,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2163826828"}