5G iPhones to accelerate Apple growth in FY21

The introduction of 5G iPhones later this year would serve as a catalyst that can accelerate Apple iPhone growth in the financial year 2021, a Morgan Stanley report said on Wednesday.

Apple is working with channel partners to expand the distribution of iPhone trade-in and financing programmes, which will be an important factor driving upgrades when more expensive 5G devices are introduced, according to the report titled “What”s the Signal Strength of US 5G Spend in 2020?”

“5G also has the potential to benefit more than just the iPhone, as higher network speeds/capacity coupled with lower latency reap benefits for the Apple Watch, AirPods and the App Store, especially if Augmented Reality becomes a growing app category with 5G,” the report emphasized.

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