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Apple's 5G Empire Could Expand Big Time

TheMotleyFool

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Apple (NASDAQ: AAPL) is winning big in the 5G smartphone era, as the iPhone 12 has given its massive installed base of users a reason to make the transition to the latest wireless standard. The iPhone maker has been sitting on top of the 5G smartphone sales rankings since the fourth quarter of 2020, according to Strategy Analytics, enjoying a combination of impressive sales volume growth and higher average prices.

Apple, however, seems all set to double down on the 5G smartphone opportunity in 2022 by moving into the budget segment. Let's see why that could be a big deal for the stock.

Image source: Getty Images.

Source Fool.com

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