Apple has partnered with Globalstar to support an emergency feature in the new iPhone 14 series that will allow users to send messages from locations that might not get cellular coverage. The Cupertino company has revealed that it will be allocating $450 million (roughly Rs. 4,000 crores) from its advanced manufacturing fund to support this new feature. Globalstar will reportedly receive the majority of the amount from the fund. However, Apple has not revealed the other companies that will receive the remaining portion of the funding.
Globalstar will reportedly receive around 95 percent of the $450 million (roughly Rs. 4,000 crores) fund. However, the company reportedly plans to raise additional debt for manufacturing and deploying satellites. It is reportedly in contact with Goldman Sachs and hopes to acquire additional funds by Q4 2022.
Globalstar manufactures low-earth orbit (LEO) satellites that operate 36 times closer to the Earth than traditional communication satellites. It reportedly allows LEO satellites to provide faster broadband speeds even in remote areas.
Apple reportedly announced that the satellite message feature will be enabled in November via an OTA update on iPhone 14 — the handsets are already equipped with the required hardware. The satellite services will begin in USA and Canada, and then gradually rolled out to other markets in the coming months. Apple announced that iPhone 14 users will get these services for free for the first two years, but is yet to reveal the cost of the service.