CB Insights May 18, 2021
On April 26, Apple committed $430B for a 5-year investment plan focused on 5G adoption and innovation.
The news comes after Apple beat expectations with its 5G-enabled iPhone 12. It also comes on the heels of a steady increases in total funding to 5G companies since 2016, which hit all-time highs in 2020.
With studies suggesting a majority of companies plan to adopt 5G within the next 3 years, the technology is increasingly relevant to company plans across industries, and earnings calls mentions of the tech are ticking up.
But while global 5G network adoption is expected to triple in 2021, the US is trailing behind in consumer and business adoption of the wireless tech. Both American and European...
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