Apple among tech companies reported to purchase communications satellites from Boeing

According to Reuters:

Jim Simpson, vice president of business development and chief strategist for Boeing Network and Space Systems, told Reuters the big technology firms were keen to expand Internet access around the world to help them grow.The real key to being able to do these type of things is ultra high-throughput capabilities, where we're looking at providing gigabytes, terrabytes, pedabytes of capability.

Though Boeing declined to share specific details regarding the discussions, the Reuters report mentions that a deal is likely to be finalized by the end of the year. As to what Apple will do with a communications satellite is unknown at this stage, it is possible the Cupertino giant is looking to Boeing's offerings to enhance its mapping data.

Source: Reuters

Harish Jonnalagadda

The clumsiest man in tech.