Shares of Globalstar (GSAT), an existing partner of Apple (AAPL), are up 38c, or 18%, to $2.49 in afternoon trading after Bloomberg’s Mark Gurman reported earlier, citing sources, that the tech giant plans to bring satellite connections to its next Apple Watch Ultra in 2025.
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Read More on GSAT:
- Garmin dips after Bloomberg report on sattelite-enabled Apple Watch Ultra
- Apple’s next smartwatch to send texts via satellite, Bloomberg says
- Parsons, Globalstar announce exclusive partnership
- Globalstar announces FCC renewal of mobile earth terminal authorization
- Globalstar to transfer listing to Nasdaq, announces reverse stock split
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
