George Walker 09:34 AM 01/03/2023

$IRDM As part of the deal, Iridium will be paid development fees, royalties, and network usage fees depending on the successful development of the technology. The deal could also transform Iridium from a niche provider to a mass market communications provider, as it's possible Iridium connectivity becomes a "mainstay" in high-end Samsung smartphones over the next decade. #Bullish

George Walker 09:34 AM 01/03/2023

$IRDM Iridium has signed a deal with an undisclosed partner to provide satellite service for smartphones, which is believed to be with Samsung. Investment firm William Blair estimates the deal will generate $20 million in annual recurring revenue for Iridium. #Bullish

Cursty Jenner 07:17 PM 12/20/2019

$AAPL @David-Lyons good question! Because it's extremely expensive. Companies that tried to offer satellite telephone or internet WW even without competition went bankrupt - see $IRDM Iridium Communications Inc. And now there are three other big players trying to do the same thing. But one step could help Apple - if it decides to rent satellite capacity from $AMZN, SpaceX or OneWeb thus decreasing potential capacity on the market #bearish