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Last updated: May 27, 2026, 8:38 PM ET
Apple Business Developments
Amazon is acquiring satellite communications provider Globalstar in a deal that includes taking over Apple's existing stake, strengthening the tech giant's position in space-based connectivity amid growing competition for iPhone satellite features. Separately, a new Revenue Cat study reveals subscription app users have less than 20% likelihood of returning after cancellation, with retention rates varying significantly by region and pricing tier, presenting challenges for Apple's App Store ecosystem and developers relying on recurring revenue models.