Apple’s iPhone 13 has been revealed, and Apple said nothing about satellite capability. That’s bad news for Globalstar stock.
Globalstar stock was a big beneficiary last month following reports that the new iPhone would be able to connect to satellites in space. The reports from MacRumors said that the iPhone 13 would use a Qualcomm chip that could reach satellites in low-earth orbits. The stock jumped 63% on August 30.
But…
