200 million Americans.
That’s how many people can expect to get 5G access this year, according to AT&T (NYSE: T).
Millions will rush to grab these new 5G devices in order to access superfast wireless.
Everyone’s getting super excited about the fifth-generation wireless known as “5G.” Yet there’s one big question…
“When will 5G be available in my town?”
AT&T is currently live in 35 markets. The company plans to roll out its 5G network across America this year. And it expects this network will reach 200 million people by the summer.
Rapid network expansion is good for America. And it’s a boom for a handful of “All-American 5G stocks.”
5G for Everyone in 2020
Fifteen 5G enabled phones will be available from AT&T by the end of the year.
Meanwhile, Verizon (NYSE: VZ) plans to launch 20 5G devices in 2020. The company expects some will be priced below $600.
At the Consumer Electronics Show at least two companies revealed new 5G phones that will be priced below $500. These lower-cost phones will help make 5G available to everyone.
Meanwhile, Samsung is preparing to release its new Galaxy S line of phones on Feb. 11 in San Francisco. These new phones are also expected to have a lower price point than the company’s current line of 5G phones.
Now, you might be thinking that 5G will be a boom for the wireless companies, including AT&T and Verizon.
However, you’d be mistaken.
Over the next three years, the wireless companies will be forced to upgrade their wireless networks.
The total cost will likely exceed $100 billion!
That capital expenses will be a huge drain on these companies.
Unfortunately, most consumers are not willing to pay more for faster wireless for their 5G devices.
That means despite making a huge investment to upgrade networks – the wireless companies won’t be able to dramatically increase their fees.
Right now, I’m buying companies that are involved in building the new 5G networks. And that’s because these companies will receive millions and billions from the big wireless companies.
Plus, I’m extremely bullish on stocks that are making the technologies to enable millions of new 5G devices.
Now’s the time for 5G. And it’s the best time to invest in this booming growth sector.
Yours in Profits,