Will Apple’s 5G iPhone be the event of this year?

As Labor Day weekend ended, Apple's annual iPhone will reveal in Sept. 15 at 10 a.m. Last year’s event was a largely lackluster affair. Though it had some highlights, including the announcement of Apple TV, investors were already looking ahead to 2020. For 2020, Apple’s first iPhones with 5G capabilities is expected to usher. As the launch of 4G iPhones had such an effect on sales, analysts think Apple’s 5G iPhone could be a boon for sales. Though 5G phones may not be life-changing for consumers out of the gate, it could spur upgrades for those holding out until the next big thing. Apple’s Chief Financial Officer Luca Maestri said in July that new iPhones would be a few weeks later than in 2019, which means that it is expected four new iPhone models from Apple some time in mid-October. Wedbush analyst Dan Ives wrote in a note, on Monday, “In particular we are seeing Apple and its Asian suppliers anticipate stepped-up demand for the larger 6.7-inch model which is raising the overall iPhone 12 expectations heading into this ‘once in a decade’ potential launch,” Like many Tech stocks, Apple stock was down 3.9% to $116.29 Tuesday afternoon, while the S&P 500 index was down 1.9%. Ives notes that the stock could be volatile over the coming weeks. After all, Apple stock has already soared 115% from its March lows. Even considering that and broader fears about a potential tech bubble, he has high conviction in his Outperform rating on the stock. “In a nutshell, we believe the iPhone 12 cycle and Rock of Gibraltar services segment will be a paradigm changer for Cupertino,” he wrote.   You might also be interested in:

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