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Apple Investors Face New Risk as Amazon Eyes Takeover of iPhone's Satellite Partner [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
For long-term Apple investors, the Amazon-Globalstar ( GSAT ) deal is a competitive risk worth monitoring. A recent study identified one single habit that doubled Americans' retirement savings and moved retirement from dream, to reality. Read more here Amazon.com NASDAQ: AMZN ) is reportedly in talks to acquire Globalstar NASDAQ: GSAT ), Apple's satellite connectivity partner, in a deal valued at roughly $9 billion. For Apple NASDAQ: AAPL ) investors, the implications deserve a close look. Apple's Dependence on Globalstar Apple uses Globalstar for Emergency SOS via Satellite and satellite messaging features across its iPhone lineup. The partnership is deep: Apple holds a 20% stake in Globalstar and has allocated 85% of its network capacity. Globalstar's wholesale capacity services segment, which represents the Apple partnership, generated $46.29 million in Q1 FY2026, up 28% year-over-year. That revenue line is the financial spine of Globalstar's business model. Apple's Q1 F
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- Amazon in Talks to Buy Globalstar in $9 Billion Satellite Deal [Yahoo! Finance][Yahoo! Finance]
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