Pay close attention to Apple (AAPL) over these next few days.
We could easily see sizable momentum in the stock ahead of its October 13 iPhone 12 launch.
At the event, Apple will introduce its iPhone 12 with 5G connectivity.
“We believe iPhone 12 represents the most significant product cycle for Cook & Co. since IPhone 6 in 2014 and will be another defining chapter in the Apple growth story looking ahead despite a softer consumer spending environment,” Wedbush analyst Daniel Ives said, as quoted by CNET. He added the launch a “once in a decade” event for Apple.
The event will be held on October 13 at 10am PT, 1pm EST.
This only adds to the excitement of 5G technology.
To date, Analysts at Cowen & Co. already refer to it as a “coming revolution.”
“5G will usher in this revolution and have a ‘game-changing’ impact on society. Certainly, there are already several technologies including artificial intelligence, robotics, the Internet of Things, quantum computing, etc. that have already impacted our lives a great deal. 5G will serve as the ‘glue’ for these foundational technologies to come together–and that convergence will form ‘the fourth industrial revolution,’” they said, as quoted by Barron’s.
President Trump has said he wants “5G, even 6G technology in the United States as soon as possible,” he tweeted. “It is far more powerful, faster, and smarter than the current standard. American companies must step up their efforts, or get left behind.”
Qualcomm has even said, “The global 5G mobile chain alone will generate up to $3.5 trillion of economic output.”
After all, 5G will massively disrupt life and business as we know it, ushering in the Internet of Things (IoT), social gaming, virtual reality (VR), augmented reality (AR), robotics, automated vehicles, healthcare imaging and diagnostics.
Apple’s new event will only add to the excitement.