Apple has invested $5 billion in satellite communications company Globalstar in order to build a satellite rescue service for the iPhone 14 series, choosing to partner with the company in a deal. The latest reports say that Apple has invested another $252 million in the company in the form of a loan (the current amount is about RMB 1.749 billion).
Apple launched the iPhone 14 series last September, offering users free emergency satellite assistance for two years. iPhone 14 owners can use near-Earth orbiting satellites to send location and text data in areas not yet covered by cellular networks in the event of an emergency.
With more than a year to go before the 2-year free service expires, Apple has yet to announce details of how much the service will cost when it expires. But given that Apple is investing more in the service, the rates should not be too affordable.
