Apple plans to push 5G by 2020, analyst says
TF Securities analyst Ming-Chi Kuo added that iPhones this year would not introduce 5G.
Popular Apple analyst Ming-Chi Kuo of the Hong Kong based securities company TF International said on Monday that the tech giant would be introducing 5G connectivity-having only just gained traction in the UAE with du and Etisalat pushing for its wider reach-on all their phones by 2020.
The update follows Kuo's previous statement in June, in which he was quoted to have said that two iPhone variants would be 5G-compatible, with a third, presumably affordable, model still holding onto 4G LTE. According to Kuo's note to investors shared earlier yesterday, the change could attribute to an increased competition against Android's low-cost segment.
"Apple has more resources for developing the 5G iPhone after the acquisition of Intel baseband business. We expect that the prices of 5G Android smartphones will decline to $249-349 USD [next year]," Kuo is quoted to have stated, noting that "consumers will think that 5G is the necessary function" by the time they're launched. He added, "iPhone models which will be sold at higher prices have to support 5G for winning more subsidies from mobile operators and consumers' purchase intention," and expected the tech giant's 5G development boost to "benefit Apple's AR ecosystem."