Amazon acquires Apple's satellite partner
5 hours ago
- #Tech Acquisitions
- #Corporate Collaborations
- #Satellite Services
- Amazon acquires Globalstar to enhance its Leo satellite network with direct-to-device services and extend cellular coverage beyond terrestrial networks.
- Apple's existing multi-billion dollar investment in Globalstar ensures support for current and future devices in the satellite services agreement with Amazon.
- The cost structure for Apple's satellite features, currently free, may change with the upcoming iPhone release, though Apple has delayed passing costs to users.
- Collaborations between major tech companies like Apple, Amazon, Google, and Samsung are increasingly common as these companies grow and require mutual dependencies.