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Seems highly likely, acquiring Globalstar that is. Having one customer account for 85% of your business, however you want to count that, is extremely risky. I
by mrweasel 4y ago
Seems highly likely, acquiring Globalstar that is. Having one customer account for 85% of your business, however you want to count that, is extremely risky.
I had a previous employer who would get concerned when one customer accounted for 20%+ of revenue. You can sort of fix this by increasing revenue, but Globalstar sold 85% of capacity, for a resource that is expensive and difficult to increase. The upside is that many customers will want to be on the same service as Apple, so that might help grow their business.