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Why Globalstar (GSAT) Shares Are Getting Obliterated Today
The article discusses the significant drop in Globalstar (GSAT) shares today. This decline is attributed to recent developments related to Apple’s iPhone 15, which reportedly ended its satellite connection contract with Globalstar without renewal and is considering other satellite service providers for future models. The news has raised concerns about Globalstar’s future revenue streams, as the Apple partnership was a major highlight for the company.