Goldman Sachs analyst covering Apple says consumers won't notice much difference in 5G phones

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While carriers are investing heavily in 5G, the experience on new phones won't be that noticeable, Goldman Sachs's Rod Hall says.

, in discussing fifth-generation wireless technology. "We don't believe most consumers will notice a difference."has picked up as more wireless carriers upgrade their infrastructure to provide faster internet speeds and to support connections of many more devices, like cars, street lights and industrial equipment, to the cellular network.

Few phones currently support 5G, though several are working to get there. Ming-Chi Kuo, who covers Apple at TF Securities,with Goldman's Hall that the iPhone maker will release its own 5G-capable phones next year. However, Hall isn't urging consumers to wait for the upgrade. "The latency reductions in 5G are beyond anything a human can perceive, they're really designed for machines," Hall, who has a neutral rating on the stock, said on"In terms of bandwidth, what you'll experience in terms of speed isn't going to change much. This is mainly a technology change."

In September, Goldman downgraded its Apple price target to $165 from $187. Apple shares are up about 44% this year to $226.81 as of Tuesday afternoon. The cut in price target comes as Apple is caught in the ongoing U.S.-China trade war. When asked if he thinks Chinese consumers will leave Apple to purchase Chinese brands, Hall said he doesn't expect much of a change.In terms of financial risks tied to the trade war, there are real concerns that Apple could face issues in China. Beijing is currently starting at an"It's really about consumer demand and how strong the consumer is in China," Hall said.

 

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Not true

Sad

Any phone valued over $500.00 will be a difficult sell,unless the manufacturers buy back working earlier version models.not everyone needs the latest bells & whistles.

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