Apple has announced the iPhone 12 — the first 5G-enabled iPhone that will eventually let data flow at speeds 10 to 20 times faster than 4G. But 5G infrastructure is years away from being widely available.
Apple CEO Tim Cook announces the launch of the iPhone 12, which is the first iPhone enabled to harness the power of the 5G network.Apple CEO Tim Cook announces the launch of the iPhone 12, which is the first iPhone enabled to harness the power of the 5G network.Apple on Tuesday announced the iPhone 12, the first Apple smartphone with 5G-enabled technology that eventually will let data flow at much faster speeds.
Verizon Communications CEO Hans Vestberg, who was on hand at Apple's Tuesday event, said that 5G is now in 55 cities, 43 sports stadiums and seven airports, but wider nationwide available is happening gradually.to launch 5G in more than 60 cities, including Philadelphia, San Francisco and Tucson, Ariz."There are large parts of the country that may never have it," he said.
"When people get the new iPhone and can't use the high-speed network, there is real potential for high levels of disappointment there," he said.Still, Wedbush Securities analyst Dan Ives said the 5G-enabled technology in the iPhone could, with time, be a"game changer" as more infrastructure comes on line and as more apps are built"around this transformational 5G highway over the coming years.
Dan Morgan, a portfolio manager at Synovus Trust and longtime Apple investor, said iPhone sales peaked about five years ago. Every update since then has been more of a ripple than a wave, he said, noting that he does not expect the iPhone 12 to set any sales records."Is it going to blast the roof off in terms of the number of phones sold for the remainder of this year and early next year? Probably not," Morgan said."But I'd say it'll result in some good, solid growth.
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