Apple to Invest Up to USD 1.5 Billion in Satellite Coverage Expansion for Iphones

American devices maker Apple is preparing to increase the communication services of its iPhone. For this, the company will invest about $ 1.5 billion in Globalstar, which provides satellite communication solutions. In this, Apple will give about $ 1.1 billion in cash to Globalstar and will buy about 20 percent stake for about $ 400 million.

After receiving the report of this deal, Globalstar’s shares have jumped by more than 30 percent. It will use a part of this fund to repay its debt. Even before this, such tie-ups have happened between satellite communication service providers and smartphone companies. something new smartphones Satellite communication service is being provided. Globalstar said that it will allocate about 85 percent of its network capacity to Apple. About two years ago, Apple partnered with Globalstar for a feature. With this feature, iPhone users can send emergency messages from remote areas.

Apple’s CEO, Tim Cook has emphasized the growing importance of India. The company’s sales in the quarter ending September were better than expected. Apple’s sales in the last quarter were approximately $94.9 billion. This is an increase of 6.1 percent from the same quarter last year. Cook said that the company has made a record of revenue in India in the September quarter. He said that Apple is preparing to open four new stores in the country.

Apple’s recently launched iPhone 16 series is getting good response from customers. Sales of the company’s iPads have also increased. Sales of these tablets have increased in double-digits. Usually, the demand for smartphones and other tech devices picks up with the beginning of the festive season in September. Apple’s stores opened last year in Select Citywalk in Saket, Delhi and Bandra Kurla Complex (BKC) in Mumbai are performing well. The company is preparing to open new stores in Delhi-NCR, Bengaluru, Mumbai and Pune. In the last few years, Apple has also taken steps to shift some part of its manufacturing to China. Contract manufacturers like Foxconn and Wistron are manufacturing iPhones in India.

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