According to the report, Apple has “a secret team” of engineers specializing in aerospace, satellites, and antenna design working on the project:
Apple’s work on communications satellites and next-generation wireless technology means the aim is likely to beam data to a user’s device, potentially mitigating the dependence on wireless carriers, or for linking devices together without a traditional network. Apple could also be exploring satellites for more precise location tracking for its devices, enabling improved maps and new features.
Bloomberg’s report says Apple hopes to deploy the satellites within the next five years. If Apple does indeed use its own constellation of satellites to beam internet access to iPhones (and presumably other devices), it could have major consequences for traditional carriers, whose main business model relies on the subscription fees smartphone data plans bring in.
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SOURCE: Fast Company, Michael Grothaus