Apple Inc on Tuesday is expected to announce an iPhone 12 capable of tapping into faster 5G networks, a new feature designed to spur sales during the company's busiest sales quarter.
- Apple Inc on Tuesday is expected to announce an iPhone 12 capable of tapping into faster 5G networks, a new feature designed to spur sales during the company’s busiest sales quarter.
Wall Street analysts widely expect Apple to launch four new iPhones at the event broadcast from its Cupertino, California headquarters at 1 p.m. ET . The iPhones announced Tuesday will test whether Apple can keep up that streak and ride a wave of consumer excitement around 5G wireless data networks, whose speediest variants outstrip their predecessors’ data rates multiple times over. Android devices from Samsung Electronics Co Ltd and others have featured the new networking capabilities for months, and analysts say 5G phones are driving upgrades.
Apple in January quit giving financial guidance, citing uncertainty from the pandemic. But despite waves of retail store closures and travel bans that delayed the development of the iPhone because Apple engineers were not able to cross the Pacific to Chinese factories as frequently, Apple’s financial results have largely bucked the pandemic.
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