A shopper walks past an ad for Apple’s iPhone 12 outside a store in Hong Kong on May 24, 2021.
Budrul Chukrut | SOPA pictures | LightRakete | Getty Images
Shares in Globalstar, a satellite service provider, rose more than 40% on Monday after reports that the next iPhone will have the option to use satellite communications.
TFI International Securities analyst Ming-Chi Kuo, in a statement to investors on Sunday, predicted that Apple is “optimistic about the satellite communications trend” and likely the ability to connect to alien networks is in its coming iPhone will record.
The new iPhone is slated to hit the market in the fall. Apple has not yet released any details about the device. The phone doesn’t have an official name, but many are referring to the iPhone 13 for the time being.
Kuo said Globalstar is most likely to partner with Apple. The company has an existing satellite telephone network of 24 satellites in low earth orbit.
“When Apple enables the appropriate software features, iPhone 13 users can call and message via satellite when they are not within 4G / 5G coverage,” wrote Kuo.
Globalstar did not immediately respond to the request for comment on the Kuo Note.
– CNBC’s Michael Sheetz contributed to this report.
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