Ask a Wise Ape

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🦧 call me whenever, wherever

Ape of Omaha
Sep 13, 2022
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🦧 call me whenever, wherever
www.wiseape.fyi

🛰️ call me whenever, wherever

 

last week, apple announced a bundle of new products

  • the one that stood out to me the most was the new iphone 14’s "groundbreaking safety features designed to save lives"

 

enter: emergency sos via satellite

  • the feature lets users contact energency services (aka 911) while stuck in areas with little to no cell phone reception

  • this is done by users pointing their phones in the sky to quickly catch a satellite

    • this allows their contacts to also track their location while in low-reception areas

 

it’s tech, but an insurance play

  • every time the new iphone releases, personally, i have a hard time spotting a crazy new invention or a game changer

    • but, once again, apple’s put out a bundle of new features that are just enough to get people to be buying again and waiting for the next upgrade

  • this satellite-sos feature provides apple yet another edge - the company will start charging a service fee after letting it be free for two years

    • an extra few bucks of “insurance payment” wouldn’t be much of a turn-off for most consumers, while justifying that much extra revenue for iphone sold

  • apple's secured the business infrastructure by promising to pay globalstar a "recurring service fee" and to cover 95% of globalstar's capex

 

others are catching up soon

  • spacex and t-mobile essentially announced the same thing in august to end mobile "dead zones"

    • (although apple's iphone 14 will come out in november, while spacex and t-mobile were initially aiming at end of 2023)

  • others tapping in the market soon:

    • amazon x verizon

    • ast spacemobile x lynk

 

i hope i never run into a situation where i’ll have to use the feature though…

💡 something im thinking about

has anyone tried this? (click image)

that's all, folks 🐒

 
as always, i’m no financial advisor! (i’m no substitute for professional financial services)
 

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