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
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