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Apple's $1.5 Billion Bet on Satellite Smartphones

Source The Motley Fool

Apple (NASDAQ: AAPL) is making a $1.5 billion investment in little-known Globalstar (NYSEMKT: GSAT) to bring more satellite services to iPhones. In this video, Travis Hoium covers how this changes telecommunications forever.

*Stock prices used were end-of-day prices of Nov. 4, 2024. The video was published on Nov. 4, 2024.

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Travis Hoium has positions in Verizon Communications. The Motley Fool has positions in and recommends Apple and Garmin. The Motley Fool recommends T-Mobile US and Verizon Communications. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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