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Apple is starting to incorporate satellite technology into its phones and operating system.
After signing deals with Verizon (VZ 0.05%) and AT&T (T 0.29%), AST SpaceMobile (ASTS -9.69%) got another boost last week when Apple (AAPL 0.07%) highlighted satellite technology in its newest operating system. Travis Hoium covers the potential impact in this video.
*Stock prices used were end-of-day prices of June 14, 2024. The video was published on June 16, 2024.
Travis Hoium is a contributing Motley Fool Stock Market Analyst covering solar energy, technology, and growth stocks. Prior to The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a B.S. in Mechanical Engineering from The University of Minnesota and a M.B.A. from The Carlson School of Management at the University of Minnesota. When he’s not thinking about stocks, he spends time with his wife and three kids, and periodically competes in half-Ironman races.
Travis Hoium has positions in Apple and Verizon Communications. The Motley Fool has positions in and recommends Apple. The Motley Fool recommends Verizon Communications. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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