Apple CEO Tim Cook talking about the value of 5G for customers at an Apple event at Apple Park in Cupertino, California in this photo released October 13, 2020. — Brooks Kraft/Apple Inc handout via Reuters
The new products will test whether Apple can ride a wave of consumer excitement around 5G wireless data networks, whose speediest variants outstrip their predecessors' data rates multiple times over. Outside of the United States, however, iPhones will lack millimeter wave compatibility, even in countries like Australia and South Korea where carriers are planning to roll out versions of the millimeter wave technology. Like some cheaper Android devices, iPhone 12 models in those countries will only support lower-frequency versions of 5G.
Apple may face a lukewarm holiday season due to the coronavirus pandemic, said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma.
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