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Stock impact report

Amazon Globalstar Interest Puts Apple Satellite Story Under Fresh Review [Yahoo! Finance]

Globalstar, Inc. (GSAT) 
Last globalstar, inc. earnings: 2/27 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: globalstar.com/investors
Company Research Source: Yahoo! Finance
Amazon is exploring a potential acquisition of Globalstar, the satellite operator that underpins Apple's Emergency SOS and other satellite features. Apple, which holds a significant stake in Globalstar, currently relies on the company's network to support satellite connectivity on selected iPhone models. A change of control at Globalstar to another large tech company could affect how NasdaqGS:AAPL structures future device features and service agreements. For Apple, satellite connectivity has become part of the broader hardware and services story, alongside devices, wearables and digital subscriptions. The tie up with Globalstar helps support Emergency SOS and related services that Apple uses to differentiate certain iPhone models in a crowded smartphone market. In parallel, large technology groups are looking more closely at space based infrastructure as demand for always on connectivity expands. If Amazon proceeds with a Globalstar deal, investors in NasdaqGS:AAPL may focus Show less Read more
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