Thanks to a settlement with Apple in 2019, Qualcomm is scheduled to supply chips for the iPhone for the next six years.
Qualcomm plans to supply chips for Apple’s 5G iPhones. In November 2019, Qualcomm announced that it expects 175 to 225 million 5G phones to ship in 2020. You can find Qualcomm on virtually every list of 5G stocks: it’s certainly not a secret stock tip. Qualcomm is a Silicon Valley-based semiconductor maker. Qualcomm (QCOM)Ĭhipmakers like Qualcomm are expecting a multi-year boom from 5G. Currently, China-based giant Huawei has approximately 100 commercial 5G contracts, while Ericsson sits in second place with around 70 contracts. In January 2020, the United States government pressured countries to avoid buying 5G gear from China-based Huawei, which could push business to Ericsson.Įricsson is in a fierce battle with its two largest competitors, Huawei and Nokia, over 5G contracts. Cloud computing continues to grow in recent years, and Ericsson may experience strong growth with its position at the intersection of 5G and cloud computing. The company sees 5G as a valuable long-term opportunity.Įricsson also makes 5G cloud gateways that will enhance cloud computing.
Stockholm-based Ericsson makes telecommunication network hardware. Let’s take a look at the best 5G stocks available today. In the United States, meanwhile, 5G is expected to add $500 billion to the economy as early as 2026. One thing that’s indisputable, however, is that 5G is expected to be a multi-trillion dollar industry.Īs one expert analyst stated, the 5G boom is expected to create a $12.3 trillion industry out of thin air. The 5G companies on this list fall into the following categories: People will be able to access faster streaming speeds via 5G, making it easier to access online services. Netflix, Instagram, and other companies will also benefit from 5G. Samsung has already announced its first 5G phone, the Galaxy S10. Apple is expected to roll out its first 5G iPhones by the end of 2020. Many other companies on this list have similar patents, which means they’re virtually guaranteed to have an important role in the global rollout of 5G.Ĭompanies like Apple can also be considered 5G stocks. Ericsson owns thousands of patents, including patents for the specific hardware required to build 5G wireless technology. Many companies on this list offer that technology.Įricsson, for example, is a much-discussed 5G stock. Telecom companies require certain hardware, software, and technology to build 5G wireless networks.
Telecommunication companies worldwide are starting to build 5G wireless networks.
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