“We want 5G and we want it now,” Jim Cramer said in a recent interview with TheStreet.
Apple (AAPL) – Get Report is at last expected to reveal its 5G iPhones in a live virtual event at 1 P.M. ET Thursday. Analysts across Wall Street expect four new iPhones to be unveiled.
The move is expected to be one of Apple’s most important product redesigns since the iPhone 6 in 2014, according to Wedbush analyst Dan Ives.
“Importantly, with our estimation that 350 million of 950 million iPhones worldwide are currently in the window of an upgrade opportunity, we believe this will translate into an unprecedented upgrade cycle for [Chief Executive Tim] Cook & Co.,” Ives said.
While Cramer is simply excited for a 5G iPhone, he noted that the reveal needs to be different from other 5G phones that have already been released. “The problem here is that I’m not hearing anything that says that, but maybe that’s the opportunity,” Cramer said. “Maybe they’ve had this thing so under wraps that this thing does something we don’t even know.”
Will the iPhone 12 meet Wall Street and the consumer’s ever-growing expectations? Only time and your online wishlist will tell.