5G technology is set to revolutionize multiple sectors within society throughout the globe.
I can’t stress it enough: change is upon us. Recognizing this change and how exactly it will change us will be your biggest asset. Most people “go with the flow” or are caught up with the day-to-day, but it’s important to see what’s on the horizon. Especially when it comes to technology.
Experts have said this technology will offer speeds 10 times faster than 4G and will enable higher connection density for connected devices. It’s going to have a significant impact on sectors like self-driving cars, virtual reality, remote surgery, smart cities, and the banking industry. 5G is going to give us critical improvements to wireless networks. It’ll have intelligent power consumption and network slicing.
There’s a lot of opportunity for growth and profit with 5G, and it’s important that you see and understand that. There are obviously still a lot of things being unraveled about the technology, but that shouldn’t stop you from realizing the importance of this breakthrough.
Your Next Smartphone Upgrade Could Be a 5G Device
It’s not stopping the big four wireless carriers in the U.S. (Verizon, AT&T, T-Mobile, and Sprint) from launching 5G in certain parts of the country.
Verizon has started to roll out 5G in 11 U.S. cities, T-Mobile in six cities, Sprint in nine cities, and AT&T in parts of 21 cities. Those four companies have more rollouts planned for next year.
With 5G rolling out, it’s time for smartphone makers to begin producing phones capable of working on the newest wireless network. There are already some on the U.S. market: the Samsung S10 5G, the LG V50 ThinQ 5G, and the Motorola Moto Z4 and Z3 5G.
According to a market forecast by Strategy Analytics, sales of 5G smartphones are estimated to reach 1 billion devices globally by 2025. As of 2019, only 1% of phones sold are projected to be 5G devices, but that percentage will grow to 10% in 2020.
This growth could get quicker, as both 5G network rollouts and smartphone makers amp up their efforts into producing 5G devices. Increased 5G availability will increase production on the next generation of smartphones.
Ken Hyers, the director of strategy at Strategy Analytics, had this to say about 5G smartphones:
Price is the main concern for early adopters. Consumers do not want to spend top dollar on a device when there are few usable networks yet. Operators must widen 5G availability significantly in order for the technology to become attractive for consumers.
5G is going to unleash faster speeds and a lot of new and exciting technologies that will promise to make your life easier. Various industries like wireless service providers, smartphone and tablet makers, network gear makers, and chipmakers will more than prosper from 5G, and that leaves you new and exciting ways to invest in 5G.
Companies working in the sectors of network gear and chips in particular have the chance to make massive profits from 5G. Network gear companies and chipmakers aren’t being seen as direct players in 5G, but they actually have a huge influence on the next wireless network.
Apple announced that it would be pushing itself to roll out its own 5G modem for its iPhones by 2022. This will be the first time the company has ever produced a modem, and its two-year deadline could be a little ambitious for a company that doesn’t have experience and might not understand the long testing and certification process.
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Apple’s 5G modem model will have to go through multiple tests to make sure it works with carriers and complies with global standards. Not to mention it’ll have to receive approval from the Federal Communications Commission (FCC).
In July, Apple acquired Intel’s modem business for $1 billion. So it isn’t going blindly into this. This acquisition gave Apple thousands of wireless tech patents and 2,200 employees.
Chipmaker Qualcomm has been in a business partnership with Apple for a while and will supply the modem for the first 5G iPhone, which is set to roll out next year. It believes Apple’s plan is going to take longer than two years. Ambitious or not, Apple wants a shot at making its own chips because it could open up a lot more doors for the company.
Investing Opportunities With 5G Technology That You Might Not Know
There’s a lot behind this technology, and the more you know, the better you’ll be able to prepare for the potential profit opportunities in this industry. There’s no doubt 5G will be worldwide. It’s going to make room for a lot more technological advancement.
That’s why you should be looking a little deeper at what makes 5G technology possible because those will be the companies that will prosper the most. The companies making the chips that make 5G possible need to be on your radar.
Make sure you’re subscribed to Wealth Daily so you’re getting the latest news and insights delivered straight to your inbox. Stay tuned for more 5G updates and how you can reap its rewards from these not-so-obvious opportunities.
And if you want to start profiting now, here’s where to begin.
Until next time, 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.
