SMACIN GRACEFULL TEAM iPhone-by-satellite deal confirmed Apple, as largely expected, has confirmed that it will launch a satellite link on its new iPhone 14 devices. Satellite operator Globalstar will provide the cellular links which are – at least initially – designed to operate only in emergencies. ADVERTISEMENT Apple will pay for 95 per cent of the approved capital expenditure for the new Globalstar satellites that will be needed to support the service, but the satellite operator will still need to raise additional debt to construct and deploy the satellites, Globalstar said. ADVERTISEMENT Indeed, it wasn’t entirely good news for Globalstar’s shareholders as they saw stock values plummet 16 per cent on September 7th. ADVERTISEMENT CLICK TO EXPLORE THE LATEST CONTENTS ON SGT, ALSO SCROLL DOWN BELOW TO SEE SGT POPULAR POST AFTER CO