5G Likely Won't Mean 'Supercycle' of iPhone Sales, Says LightShed
LightShed deemed Apple "neutral" Wednesday, saying 5G is unlikely to trigger a “supercycle” of iPhone sales, and consensus revenue and earnings estimates for 2021 are too optimistic. But carriers "will increase ad spend and use new network implementations to boost…
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interest in 5G,” analyst Walter Piecyk told investors: COVID-19 “threatens our prediction of a stabilization in upgrade rates in 2020 based on near-term store closings and intermediate-term economic impacts.”