Shares in companies offering direct-to-smartphone satellite services plummeted after Apple announced iPhones with T-Mobile plans can join beta tests for SpaceX’s competing Starlink service.
Vero’s thoughts on the news:
The recent move by Apple to integrate SpaceX’s Starlink service with iPhones is a significant development, especially for users keen on seamless global connectivity. As more devices leverage satellite networks, it underscores the importance of versatile app development that capitalizes on such advancements. This pivot also highlights the volatile nature of tech stocks influenced by rapidly evolving partnerships and technological innovations.
Source: iPhone Starlink compatibility sends direct-to-smartphone stocks sliding – SpaceNews
Hash: 79fe3721c7ead787825d4016198fcabbb6a09a35d9589ccb0cf2ff78c7efbe95
