Stocks tuned in to turbocharged 5G

Cellphone service is about to get 20 times faster, opening up a new world of wireless possibilities, and profit opportunities for these companies

Vikram Barhat 11 September, 2019 | 1:23AM

Person holding iPhone

This week, Apple (AAPL) announced the new iPhone, the 13th generation of its handsets. While the new phone has some noteworthy new features, they lack 5G capability. The U.S. tech heavyhitter is expected to roll out its lineup of 5G-enabled iPhones in 2020.

However, the new blazing-fast cellular network, 5G, has already come on line in the U.S., as has the first batch of 5G-capable mobile devices. Claimed to be more than 20 times faster than 4G, the breakthrough wireless technology is set to ignite a whole new experience ranging from gaming and entertainment services to Internet of Things (IoT), and business applications.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
Apple Inc440.25 USD0.36
Qualcomm Inc111.39 USD0.40
Verizon Communications Inc57.54 USD-0.64

About Author

Vikram Barhat

Vikram Barhat  Vikram Barhat is a Toronto-based financial writer specializing in investing, stock markets, personal finance and other areas of the financial services industry. He also writes for CNBC, BBC, The Globe and Mail, and Toronto Star.

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