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5G Boom or Dud?

Written by Monica Savaglia
Posted December 17, 2019

The newest generation of wireless technology, 5G, continues to cause some controversy throughout the world. 

The race to be the leader in 5G has become even more heated as we approach the end of 2019 and go into 2020. The world's biggest nations have their eyes on 5G dominance.

A Chinese technology company, Huawei, is focused on supplying 5G to not only China but also other countries throughout Europe. The United States wants to become a major supplier of 5G technology as well. Just a few weeks ago, President Trump met with Apple CEO Tim Cook, and he raised the idea to Apple and other major U.S. tech companies to consider putting 5G on the top of their to-do lists.

If the U.S. has the ability to become a lead supplier of 5G domestically and abroad, then that would keep the next generation of wireless technology within the U.S. and also give the nation the chance to emerge as a leader in technology. Not to mention, it would give the U.S. the chance to offer a crucial resource to other countries — a resource that could easily become a bargaining tool. 

The U.S. has been adamant about its security concerns with Huawei and that other countries should also be hesitant about making any deals with the company. The U.S. has banned Huawei's products in the U.S. and wants other countries to do the same.

Huawei has defended itself by saying that it does not spy for the Chinese government and would never do that — that personal security is a priority for the company, and it would not jeopardize that. The U.S. doesn’t believe that and wants other countries to take a strong stance against Huawei as well. 

Without a doubt, 5G security has become an important discussion. And rightfully so. Now more than ever, consumers are feeling insecure about wireless technology and who has access to the information they are sharing. Consumers are becoming even bigger skeptics about what these technology companies are actually doing with the data they receive and how secure that data really is.

As much as we can be skeptics about technology and the massive companies that have access to the data we share, we also have to realize that we can’t go back to how things were in the past. Technology continues to advance, and because of that, it is impossible to live a life not wirelessly connected in some way or another.

That’s why a fight to protect the security of consumers is a necessary one. Let’s just hope the U.S.’s intentions are genuine and not just a tactic to become a global supplier of 5G technology.

We can’t fight technology advancements, but we can fight for regulations that give us the security and privacy we deserve.

Could 5G Bring More Rewards Than Risk?

5G continues to advance, and what it promises will lead the way to more technology advances that could easily improve our lives and societies. But as of right now, 5G’s full potential isn’t here yet. 

Yes, you’ve probably read an article or two about how wireless service providers like T-Mobile, Verizon, and AT&T have all begun to roll out 5G technology, and that is true. But the technology isn’t at its full potential yet. 

T-Mobile’s nationwide 5G network is a low-band network. That means it's offering speeds about twice as fast as 4G, but nowhere near the 10 times speed improvement consumers are expecting. AT&T and Verizon announced that their networks would be faster because they’ll be operating at higher frequencies, but their coverage will be limited to select areas.

Even if you do live in those select areas, you will need to buy one of those high-end smartphones that are able to take advantage of 5G networks. Samsung has its $1,300 Samsung Galaxy S10 5G phone, but Apple isn’t set to launch its 5G-capable iPhone until late 2020. 

5G is in its early stages, but I don’t want that to make you think less about the technology’s abilities. 5G has been hyped up, but for good reason. It will be that tech revolution that’ll finally be able to push us into the future. It will offer much higher data speeds and lower latency, which will give users less delay when downloading a file or watching a video. Self-driving cars will be able to access all the information they need to make decisions with no hesitation. 

With 5G, cities will finally be able to reach their full potential. They’ll be safer and more efficient. With smart streetlights, we can expect a reduction in energy consumption and traffic congestion, real-time traffic management, and smart parking lots that will effectively guide drivers to open parking spots. 

There’s a lot of excitement and hype surrounding 5G right now — and that’s completely warranted. 5G will be the backbone of this technology revolution. Nations are at a race to become global leaders and suppliers of the next generation of wireless technology. Big changes and even bigger opportunities are happening. Revolutions don’t happen every day. That’s why nations and investors are making bold moves now.  

The best time to consider claiming a stake in the 5G market is today. The technology is still in its infancy, and the real 5G boom will happen in the next few years. That means stocks are cheap now and will see a surge once things start heating up for the massive advancement in technology. That’s why I’d like to share with you an exclusive look into three 5G stocks.

5G is set to boom. Today is the day you set yourself up to be a part of those massive profits. Get all the details here.

Until next time,

Monica Savaglia Signature Park Avenue Digest

Monica Savaglia

Monica Savaglia is Wealth Daily’s IPO specialist. With passion and knowledge, she wants to open up the world of IPOs and their long-term potential to everyday investors. She does this through her newsletter IPO Authority, a one-stop resource for everything IPO. She also contributes regularly to the Wealth Daily e-letter. To learn more about Monica, click here.

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