Apple’s new iPhone 12 with 5G technology carries high expectations

The new technology, which holds the promise of internet speeds significantly faster than what is available for many smartphone users, has stoked anticipation that iPhone users will see a compelling reason to upgrade after millions in recent years held on longer to older devices.

The wave of new iPhone purchases could be enough to compare with 2014, when Apple unveiled a larger screen and sold a record number of devices, or 2017, when the company introduced higher-priced models with facial recognition leading to record revenue, analysts say.

Some investors are hoping it might even lead to the kind of dramatic growth seen in the iPhone’s earliest days, when every annual iteration promised new technological leaps and must-have features.

“I believe it translates into a once-in-a-decade-type upgrade opportunity for Apple,” said Dan Ives, an analyst for Wedbush Securities. He expects the new phone to help fuel iPhone sales this fiscal year

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Apple’s 5G iPhone Carries High Expectations

Apple


AAPL 1.74%

is set on Tuesday to unveil a 5G-enabled iPhone that has fueled sky-high expectations for the world’s most valuable company even as uncertainty remains about how useful the next-generation wireless technology is for consumers.

The new technology, which holds the promise of internet speeds significantly faster than what is available for many smartphone users, has stoked anticipation that iPhone users will see a compelling reason to upgrade after millions in recent years held on longer to older devices.

The wave of new iPhone purchases could be enough to compare with 2014, when Apple unveiled a larger screen and sold a record number of devices, or 2017, when the company introduced higher-priced models with facial recognition leading to record revenue, analysts say.

Some investors are hoping it might even lead to the kind of dramatic growth seen in the iPhone’s earliest days, when every annual iteration promised new

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Elon Musk tempers expectations for Tesla ‘Battery Day,’ stock dips 5%

(Reuters) – Tesla Inc TSLA.O CEO Elon Musk on Tuesday is scheduled to showcase the company’s advanced battery technology, with investors expecting he will outline how the company’s electric vehicles will surpass the cost and convenience of internal combustion engines.

FILE PHOTO: Tesla Inc CEO Elon Musk speaks onstage during a delivery event for Tesla China-made Model 3 cars at its factory in Shanghai, China January 7, 2020. REUTERS/Aly Song

But stockholders began selling the electric carmaker’s shares after Musk late on Monday tempered expectations by saying that the battery improvements to be unveiled at the event would not reach “serious high-volume production” until 2022. Shares dropped 5.6% on Tuesday to $424.26.

As automakers shift from horsepower to kilowatts to comply with stricter environmental regulations, investors are looking for evidence that Tesla can increase its lead in electrification technology over legacy automakers who generate most of their sales and profits

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