2020 is the year that fifth-generation wireless will become a reality.
5G networks are rapidly expanding across America. And that’s expected to spark huge demand for new smartphones.
This 5G device could replace Wi-Fi in millions of homes – and give early investors 286% profits.
The Consumer Technology Association just released its 2020 forecast.
The report reveals that many Americans plan to upgrade their smartphones this year.
The total amount spent on smartphones is expected to increase 3% in 2020.
That may appear to be insignificant. However, smartphone sales dropped in 2018 and 2019. And growth in 2020 is a major improvement.
New 5G smartphones are responsible for the growth.
The association estimates that 5G smartphone sales will exceed $15.3 billion – with 20 million phones being sold.
Annual 5G smartphone sales are expected to exceed 4G phones sales within three years (go here for my top 5G stocks).
Last week, I asked 754 people a simple question . . .
Will your next smartphone be 5G-enabled?
9% of the people in my webinar answered by saying NO. These people likely include those who don’t already own a smartphone – and don’t intent to purchase one.
91% of the people said YES – their next smartphone would have 5G.
This data confirms what I’m seeing from other sources.
Most Americans are anxious to upgrade their wireless service – and get 10 – 100-times faster download speeds.
In order to make that happen, they’ll need to upgrade their smartphones for 5G.
Many people have delayed upgrading their smartphones in recent years. And that means they may be overdue for a new Android or Apple (NASDAQ: AAPL) iPhone.
The migration from fourth-generation to fifth-generation wireless won’t happen overnight.
However, 2020 is the year that 5G wireless becomes a reality.
Verizon is now live in 31 cities. AT&T is up and running in 35 cities. And T-Mobile says it has 5G in over 5,000 cities.
It’s still the early innings for 5G. And that’s why I’m jumping into the sector and buying these technology stocks.
One of my favorite 5G stocks expects sales to surge 562% in 2020. And the stock could see very impressive gains.
Yours in Profits,