Apple Seen as a 5G Stock & T-Mobile’s 5G Opportunity
Apple Inc. is an American multinational technology company that specializes in consumer electronics, computer software, and online services. Apple is the world’s largest technology company by revenue and, since January 2021, the world’s most valuable company in the entire world.
Apple has had an astounding quarter in 2021 so far, with sales for the iPhone 12 pro series as well as the M1 Mac books holding the company steady. On top of this, their spring event had many investors excited for new products such as the Apple Watch Series 7 that could come with new health-tracking features. One other reason many investors are keeping their eye on Apple’s stock is because of 5G. Being one of the largest cell phone brands in the world, Apple’s phones are what connect to 5G for many users. In fact, Apple sold over 40.4 million units of its 5G-enabled smartphones in the first quarter of 2021.
T-Mobile is the brand name used by the mobile communications subsidiaries of the German telecommunications company Deutsche Telekom AG. The brand is active in the Czech Republic, the Netherlands, Poland, and the United States.
T-Mobile is one of the largest companies backing 5G internet across the United States as they offer advanced 4G and 5G wireless connectivity services. T-Mobile has not only been capitalizing on 5G technology and offering it to their customers, but they have also made a priority to focus on providing cybersecurity options. The company’s financials have also looked strong, likely in part because of the 5G programs they offer. According to NASDAQ, T-Mobile reported solid figures. Particularly, the company posted massive year-over-year surges of 77% in total revenue and 500% in cash on hand.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.