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Apple Will Wait Until at Least 2020 to Release a 5G iPhone

  • Next IPhone won’t connect to new faster networks, people say
  • Company risks falling behind as rivals push speedier service
Bloomberg business news
Erwan Rambourg, analyst at HSBC, explains the firm’s downgrade of Apple.Markets: The Open." Rambourg, his family, and firm do not own shares of Apple Inc. (Source: Bloomberg)

Apple Inc. plans to hold off until at least 2020 before offering an iPhone that can connect to the next generation of high-speed phone services coming next year, according to people familiar with its plans.

The delay may make it easier for rivals like Samsung Electronics Co. to win over consumers to phones that connect to 5G networks, which will provide a leap forward in mobile data speeds when they are introduced in 2019.