Send me real-time posts from this site at my email
Motley Fool

Report: Apple Plans to Sell at Least 75 Million 5G iPhones for the Holidays

Consumer electronics giant Apple (NASDAQ: AAPL) is preparing to launch several new products in the fall, including four iPhone models equipped for 5G wireless networking. The company has instructed its manufacturing partners to build between 75 million and 80 million of these 5G iPhone devices by the end of the year, according to Bloomberg's anonymous sources.

What's new?

The new iPhones will reportedly launch two regular iPhones and two Pro models. All of them should feature organic light-emitting diode (OLED) screens, a feature that was reserved for Pro models in last year's iPhone update. Buyers will have several choices of screen sizes, including a Pro model with a 6.7-inch display -- the largest screen Apple has ever used in an iPhone. The design choices across the board will be based on 2019's Pro models with squared edges.

The higher-end iPhones will continue to feature stainless steel body edges, while the consumer-grade iPhones should have aluminum sides. At least one of the Pro models will reportedly borrow the light detection and ranging (LiDAR) camera seen in current iPad Pro tablets. These laser-based environment scanners can give apps a more detailed picture of the device's real-world surroundings, which is helpful for augmented reality programs and some high-end security features.

Last year's iPhone 11 range. Image source: Apple.

Other upcoming Apple devices include two new Apple Watch versions, a smaller HomePod smart speaker, an updated iPad Air, and a set of over-ear headphones. These headphones won't carry the Beats brand, according to the Bloomberg report's anonymous insider sources.

The goal of shipping at least 75 million next-generation iPhones is comparable to the year-ago period's iPhone shipments. Investors and analysts have been concerned about the COVID-19 pandemic undermining demand for high-end devices, such as 5G smartphones, for the upcoming holiday season. Apple's robust manufacturing order could be a good sign for the holiday shopping season.

10 stocks we like better than Apple
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Apple wasn't one of them! That's right -- they think these 10 stocks are even better buys.

See the 10 stocks

*Stock Advisor returns as of August 1, 2020

Anders Bylund has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Apple. The Motley Fool has a disclosure policy.


Source

Popular posts

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue