Apple Endorses Amazon's $11.6B Acquisition of Globalstar
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 16 2026
0mins
Should l Buy AAPL?
Apple (AAPL) has endorsed the $11.6B acquisition of Globalstar (GSAT) by Amazon (AMZN), noting that it has a "proven track record" with Amazon infrastructure, Bloomberg's Mark Gurman reports. Apple will get a partner in satellite communications, helping the company expand its offerings in the market, and Amazon's Leo satellite system will support Apple's emergency messaging service, Gurman says, noting that the deal will give Apple access to an expanding constellation, helping its in-house services better compete. "We look forward to building on that collaboration with Amazon Leo," Apple marketing chief Greg Joswiak said in a statement. Apple holds a roughly 20% stake in Globalstar.
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Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to rise
27 Analyst Rating
17 Buy
9 Hold
1 Sell
Moderate Buy
Current: 293.320
Low
239.00
Averages
306.89
High
350.00
Current: 293.320
Low
239.00
Averages
306.89
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, Wearables, Home and Accessories. Its services include advertising, AppleCare, cloud services, digital content, and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its wearables include smartwatches, wireless headphones, and spatial computers. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strong Financial Performance: Apple's latest quarterly results show a market cap of $4.3 trillion, and with the stock trading at 35 times its earnings, investor sentiment remains cautious regarding future growth, which may affect short-term investment decisions.
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