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With the release of Apple's (NASDAQ: AAPL ) iPhone 14 and other accompanying models, the tech giant also announced a new collaboration with Globalstar (NYSEARCA: GSAT ). Globalstar will provide Apple with its low-earth orbit (LEO) satellite services when users send emergency or SOS messages in locations with no cellular service.
The Dow Jones jumped by more than 200 points on Monday. Investors, meanwhile, focused on some notable insider trades.
Apple's partnership with satellite company Globalstar was one of a slew of announcements at the technology giant's eagerly-anticipated iPhone 14 launch event this week.
A new emergency satellite service for the iPhone 14 gives Globalstar capital support in a “transformational” deal.
Globalstar finally got the news it was waiting for -- but could Apple stock be a better investment?
The company's long-rumored partnership with Apple is now a reality.
Globalstar had said it was working with a potential customer to deliver services two years ago. Now the investing public knows that potential customer is Apple.