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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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Tansri
·2021-08-30
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.
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Felibhai
·2021-08-30
Finally
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Darius88
·2021-08-30
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;","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},"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},"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"}],"hasMoreComments":true,"newsSizeData":{"likeSize":5,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}