How Wireless Carriers May Be Guaranteeing the iPhone 12's Success
Apple (NASDAQ: AAPL) investors, start sending thank-you cards to the wireless carriers. It's no stretch to suggest that their current deals represent the most aggressive iPhone promotions most customers have ever seen . Carriers believe customers have a huge appetite for the 5G iPhone lineup and will ultimately pay for additional 5G services in the future. However, Apple stands to be the main beneficiary of this upgrade cycle. The hardware and services company could see record iPhone revenue in the next calendar year, and its services revenue could benefit for years to come.
According to VentureBeat, Apple will be the catalyst for consumers' widespread 5G adoption, "singlehandedly generating tens of millions of 5G phone sales and officially launching the 5G era." Wedbush Securities analyst Dan Ives said of the iPhone 12 lineup, "I believe it translates into a once-in-a-decade type upgrade opportunity for Apple."
For anyone who hasn't been inundated with commercials from AT&T, T-Mobile, or Verizon about what 5G does, it's essentially the next evolution in wireless. 5G promises better data speeds, better coverage, and new experiences.
Source Fool.com
