Globalstar shares rose more than 20% in premarket trading
Tiger Newspress2021-08-30
Globalstar shares rose more than 20% in premarket trading.
Apple Inc. could partner with Globalstar Inc. to bring satellite communication connectivity to the upcoming iPhone 13 models, according to a note from Apple analyst Ming-Chi Kuo, Apple Insider reported.
A customized version of the Qualcomm X60 baseband chip that Apple is expected to use in the iPhone 13 will support low-earth-orbit (LEO) satellite communications, Kuo reportedly said in the note.
iPhone 13 users will be able to directly use Globalstar’s satellite communication services on their devices if Apple partners with the LEO satellite communication service provider, Kuo said, as per the report.
Apple could also use the satellite communication feature in its upcoming Apple AR headset and the Apple Car, Kuo noted.
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