Apple (NASDAQ: AAPL) is quietly getting ready to launch its newest line of iPhones.
And rumors suggest that every model will be enabled with 5G.
It’s the latest signal that ultra-fast 5G networks are coming soon. And the world’s most valuable smartphone maker doesn’t want to be left behind.
This tiny tech stock could earn a fortune in 2020 with the new 5G iPhone.
Many companies aim to be a first mover when a new technology comes out.
The company prefers to let other companies develop products. It then learns from their mistakes . . . and launches a far superior product that thrills its customers.
Apple is expected to lead the 5G smartphone market in 2020, according to Strategy Analytics.
Apple is expected to release three new 5G iPhones next September. And if iPhone customers upgrade at the same pace as this year, the company would become the #1 maker of 5G phones.
That would secure the company’s spot above early movers, including Huawei and Samsung.
Chinese technology company Huawei is the second-largest smartphone maker in the world. The company is currently blocked from working with U.S. companies such as Google (NASDAQ: GOOG).
The Huawei ban in the U.S. should help give Apple a leg up on sales of new 5G phones.
Apple’s iPhone sales have been dropping in recent years.
Wall Street is increasingly excited about the prospects for Apple. Specifically, analysts at Morgan Stanley, Raymond Hames and Canaccord Genuity all believe that new 5G iPhones could significantly boost Apple sales in 2020.
New 5G technology is expected to increase phone speeds by up to 100 times. The dramatic increase in download speeds means that new apps that require more bandwidth will be created.
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This in turn will force consumers to upgrade older phones to the new 5G iPhone.
Optimism surrounding the new 5G iPhone has sent Apple stock to a new all-time high. Meanwhile, the stock’s 68% year-to-date gain makes it the 18th best performing stock in the S&P 500 index.
One undiscovered stock is a secret supplier to Apple. And it’s supplying this crucial component that could be inside every single 5G iPhone.
That’s why I’m securing shares in the coming days – before Apple’s 5G supplier list becomes well known.
Full Disclosure: Ian Wyatt owns shares of Apple and Google.