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Apple prepares to launch 5G iPhones into unready U.S. market

Apple prepares to launch 5G iPhones into unready U.S. market

Apple is set to embrace 5G as one of its most significant additions to this year’s iPhones, but the technology is still not ready for the masses in the U.S.

That’s because the country’s three largest wireless carriers, Verizon Communications Inc., AT&T Inc. and T-Mobile US Inc., have yet to roll out 5G in a way that provides consistently higher data speeds or widespread coverage. If these companies do not dramatically upgrade their networks soon, many consumers buying the latest iPhones could find this year’s premier feature underwhelming.

The addition of 5G will be a key talking point at Tuesday’s iPhone event, underscored by Apple’s tagline: “Hi, Speed.” The new wireless technology lets phones download data from a cellular connection many times faster than 4G LTE, the current standard — but 5G coverage remains scarce in many advanced markets.

Phone makers, including Samsung Electronics, started rolling out phones with 5G last year. Google announced its own 5G phones last month.

Apple has asked suppliers to build as many as 80 million of the new iPhones this year, Bloomberg News has reported. Investors and analysts are bullish about the devices, partly because 5G networks are more built out in China. This year’s crop of new iPhones also marks the first major redesign in three years, which could spur more upgrades.

“The increased speed capability of the new 5G iPhones should create a catalyst for a major upgrade cycle,” said Dan Morgan, a senior portfolio manager at Synovus Trust Company. “I would expect sales in China to be robust.” An Apple spokeswoman declined to comment.

In the first quarter this year, phone makers led by Samsung shipped 3.4 million 5G phones in the U.S., a fraction of the overall market, Strategy Analytics data show. In a few other countries, 5G has performed

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Apple prepares to launch 5G iPhones into unready US market

Apple prepares to launch 5G iPhones into unready US market

Apple Inc. is set to embrace 5G as one of its most significant additions to this year’s iPhones, but the technology is still not ready for the masses in the United States.

That’s because the country’s three largest wireless carriers, Verizon Communications Inc., AT&T Inc., and T-Mobile US Inc., have yet to roll out 5G in a way that provides consistently higher data speeds or widespread coverage. If these companies do not dramatically upgrade their networks soon, many consumers buying the latest iPhones could find this year’s premier feature underwhelming.

The addition of 5G will be a key talking point at Tuesday’s iPhone event, underscored by Apple’s tagline: “Hi, Speed.” The new wireless technology lets phones download data from a cellular connection many times faster than 4G LTE, the current standard — but 5G coverage remains scarce in many advanced markets.

Phone makers, including Samsung Electronics Co., started rolling out phones with 5G last year. Google announced its own 5G phones last month.

Investors and analysts are bullish about the devices, partly because 5G networks are more built out in China. This year’s crop of new iPhones also marks the first major redesign in three years, which could spur more upgrades.

In the first quarter this year, phone makers led by Samsung shipped 3.4 million 5G phones in the United States, a fraction of the overall market, Strategy Analytics data show. In a few other countries, 5G has performed far better. A third of phone sales in China during the second quarter were 5G handsets, according to Counterpoint Research.

Tests by IHS Markit’s RootMetrics across 125 US areas in the first half of 2020 showed that 5G speeds on AT&T, T-Mobile and Sprint are only slightly faster than 4G LTE. AT&T and T-Mobile, which is buying Sprint, have both claimed

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Trump prepares roughly $1.8 trillion economic relief offer to Pelosi, administration officials say

Trump prepares roughly $1.8 trillion economic relief offer to Pelosi, administration officials say

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a castle on top of a building: The White House is seen in Washington, early Tuesday, the morning after President Trump returned from the hospital where he was treated for COVID-19.


© J. Scott Applewhite
The White House is seen in Washington, early Tuesday, the morning after President Trump returned from the hospital where he was treated for COVID-19.

President Trump made the stunning announcement that he and First Lady Melania Trump had tested positive for COVID-19 early Friday, Oct. 2. Since that time, several others in Trump’s circle have tested positive for the virus. Here’s the latest about what we know:

  2:31 p.m.  

Trump won’t travel over weekend, ending Florida rally plan

By Bloomberg News

President Trump will remain at the White House this weekend, people familiar with the matter said, after he said he wanted to hold rallies in Florida and Pennsylvania despite questions over the stage of his recovery from COVID-19.

Trump, who told Fox’s Sean Hannity late Thursday that he wanted to hold rallies Saturday and Sunday, won’t travel until Monday at the earliest, said the people, who spoke on condition of anonymity.

Trump has been eager to return to the campaign trail, as Democratic nominee Joe Biden widens his lead just weeks before the Nov. 3 election. Trump has released recorded video messages saying he’s well, and his physician said in a statement Wednesday that the president had been free of symptoms for the previous 24 hours.

  2:29 p.m.  

Hope Hicks returned to the White House to help Trump – then the virus hit

By The Washington Post

When she returned to the White House on March 9 after two years away and a lucrative stint in corporate PR, Hope Hicks was supposed to be a talisman to re-create the magic of President Trump’s against-the-odds 2016 campaign.

The Russia investigation that she had been caught up in was over, the impeachment had just ended and the headlines about her

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Trump prepares roughly $1.8 trillion economic relief offer to Pelosi as White House scraps scaled back approach

Trump prepares roughly $1.8 trillion economic relief offer to Pelosi as White House scraps scaled back approach

One of Trump’s top economic advisers, Larry Kudlow, said on Fox Business Network that Trump had just approved a new package, and that Treasury Secretary Steven Mnuchin would be speaking with Pelosi “hopefully to put the final touches on this.”

“The gap is narrowing. The bid and the offer, if you will, has narrowed significantly,” Kudlow said. “And, therefore, in Wall Street terms, there may be a trade for some additional assistance for the American recovery from this pandemic contraction.”

A person familiar with the situation, who spoke on condition of anonymity to discuss private negotiations, said Trump had signed off on a counter-offer to Pelosi with a pricetag around $1.8 trillion. Aside from the dollar figure, it was not immediately clear what had changed from the White House’s most recent offer of around $1.6 trillion, which Pelosi dismissed as too meager. Democrats have demanded hundreds of billions of dollars in new aid for states and cities, something Trump has long opposed.

The stock market moved slightly higher on reports of the new Trump offer, as some investors were hopeful that a new spending deal could be reached.

It was unclear if Pelosi would accept the new Trump offer. Pelosi had been pushing legislation around $2.2 trillion in the talks with Mnuchin before Trump abruptly pulled the plug on negotiations Tuesday — only to reverse course after the stock market sunk and some in his own party objected.

“Because it is so necessary to meet the needs of the American people I do hope that we will have an agreement soon,” Pelosi said on MSNBC Friday. She confirmed she would be speaking with Mnuchin later in the day.

As the coronavirus pandemic intensified in March and April, Congress approved $3 trillion in new spending to try and arrest some of

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Apple (AAPL) Prepares to Launch 5G iPhones Into Unready U.S. Market

Apple (AAPL) Prepares to Launch 5G iPhones Into Unready U.S. Market

Consumers Line Up As Apple's iPhone 11 Goes On Sale In Stores

Photographer: Drew Angerer/Getty Images

Apple Inc. is set to embrace 5G as one of its most significant additions to this year’s iPhones, but the technology is still not ready for the masses in the U.S.

That’s because the country’s three largest wireless carriers, Verizon Communications Inc., AT&T Inc. and T-Mobile US Inc., have yet to roll out 5G in a way that provides consistently higher data speeds or widespread coverage. If these companies do not dramatically upgrade their networks soon, many consumers buying the latest iPhones could find this year’s premier feature underwhelming.

The addition of 5G will be a key talking point at Tuesday’s iPhone event, underscored by Apple’s tagline: “Hi, Speed.” The new wireless technology lets phones download data from a cellular connection many times faster than 4G LTE, the current standard — but 5G coverage remains scarce in many advanced markets.

Phone makers, including Samsung Electronics Co., started rolling out phones with 5G last year. Google announced its own 5G phones last month.

Apple has asked suppliers to build as many as 80 million of the new iPhones this year, Bloomberg News has reported. Investors and analysts are bullish about the devices, partly because 5G networks are more built out in China. This year’s crop of new iPhones also marks the first major redesign in three years, which could spur more upgrades.

“The increased speed capability of the new 5G iPhones should create a catalyst for a major upgrade cycle,” said Dan Morgan, a senior portfolio manager at Synovus Trust Company. “I would expect sales in China to be robust.” An Apple spokeswoman declined to comment.

5G Lift

Apple is expected to sell a lot more iPhones by its 2021 fiscal year

Source: Sanford C. Bernstein estimates

In the first quarter this year,

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