William Blair analyst Louie DiPalma noted that a report published on November 24 by South Korean publication ETNews said Samsung (SSNLF) is partnering with Iridium (IRDM) to embed satellite connectivity in its Galaxy S23 lineup of smartphones expected in February. The report is “significant positive for Iridium, but not surprising” given that it is consistent with his previously expressed view that Samsung’s Galaxy S23s could feature such connectivity, said DiPalma, who keeps an Outperform rating on Iridium shares.
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