By
Godfrey Benjamin
April 11th, 2024
Apple unveiled its plans to release its new generation iPhones enabled with 5G network in 2020 but there is no mention of cryptocurrency anywhere among the new releases. Meanwhile, AAPL aims to display strength nearing next earnings release.
Every year, Apple, Huawei, Samsung, and many other major brands introduce new products in the market. Apple ranks at the top of the group and the company has announced its plans to release three new iPhones in Q2 of 2019.
The new releases include a high-end 5.4-inch gadget and 6.7-inch models with OLED displays. Also, the company will introduce a lower-end 6.1-inch model featuring an OLED display to its customers. According to Ming-Chi Kuo, the display sizes come in line with a DigiTimes report from several months ago.
According to the extensive research done by Kuo, the 5.4-inch and 6.7-inch models will support 5G. On the other hand, the 6.1-inch model will support up to LTE. Analysts and customers expect Qualcomm to remain Apple’s main supplier of 5G modems. The RF power amplifiers will be supplied by Broadcom as part of an agreement with Apple Inc.
Analysts expect that the PA usage of every 5G iPhone will be almost 200% more than the current number for iPhone models. Thus, the sole suppliers that include Win-semi (manufacturer) and Broadcom (designer) are the significant beneficiaries of these new releases. It is believed that all new iPhones will support 5G starting in 2021.
Although Apple plans to release state-of-the-art gadgets, Samsung remains ahead in the crypto world. As we reported earlier, Samsung Electronics Co. unleashed the next generation of its built-in crypto-supporting Smartphone series on February 20. Although some consumers may not be excited by the new high-end devices, the crypto community was waiting eagerly.
What the Future Holds
Moreover, Apple is expected to have its local 5G modem ready by 2023. The move will eventually reduce its dependence on Qualcomm. Apple may be planning to shrink the size of the current 5.8-inch iPhone XS with the introduction of the 5.4-inch size.
If that is the case, the fans of smaller phones will appreciate. The company may also increase the size of the current 6.5-inch iPhone XS Max to 6.7-inch sizes. In that context, the iPhone XR would remain a 6.1-inch device.
The 2019 iPhone line-up is scheduled for release this fall and it will entirely rely on Intel 4G modems. Although Intel plans to exit the modem business, the decision came after the deal to manufacture the next iPhones with LTE support.
It is expected that the iPhone 11 and 11 Max will majorly resemble the XS and XS Max. However, the new devices will feature an ultra-wide camera while the iPhone XR successor will maintain its LCD but enhanced with a telephoto camera unit. For Apple to gain a sizeable market share from Samsung, they should consider introducing crypto-compatible devices.
Nonetheless, Apple (AAPL) closed at $193.89 in the latest trading session. That marks a +0.6% move from the prior day. Additionally, this move outpaced the S&P 500’s daily gain of 0.09%. AAPL aims to display strength as it nears its next earnings release with the unveiling of 2020 iPhones boosting the price further.