Americans might not be able to take full advantage of the 5G iPhone

  • On Tuesday, Apple is expected to release its first iPhone models that support 5G networks.
  • Those iPhones will be able to tap into faster next-generation networks from Verizon, AT&T and T-Mobile for faster download speeds and stronger wireless connections.
  • But in the United States, the carriers are still building their 5G networks, and the mid-band networks available in other countries which balance fast speeds and wide coverage aren’t widely available in the U.S. yet.



Tim Cook holding a sign: Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference (WWDC) at Steve Jobs Theater in Cupertino, California, June 22, 2020.


© Provided by CNBC
Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference (WWDC) at Steve Jobs Theater in Cupertino, California, June 22, 2020.

On Tuesday, Apple is expected to release its first iPhone models that support 5G networks.

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Those iPhones will be able to tap into faster next-generation networks from Verizon, AT&T and T-Mobile for faster download speeds and stronger wireless connections.

In the United States, the carriers are still building their 5G networks. When the 5G iPhone comes out, depending on what bands it supports, some consumers looking for a sea change in terms of wireless speeds may have to wait until their carrier catches up with the phone’s capabilities.

Speeds for 5G will be faster, but not necessarily fast enough to be a reason for upgrading until U.S. carriers finish building their networks. So far, 5G download speeds are just 1.8 times faster than 4G LTE speeds in the United States, according to data from Opensignal, a firm that tracks wireless network speeds around the world.

But in other countries with 5G networks that use what’s called “mid-band frequency,” speeds are five times as fast as LTE, according to Opensignal.

5G is not a monolith. There are three different versions of 5G connections, which each use different radio frequencies and come with their own advantages

How Bombas Gains Competitive Advantage With Purpose And Product

Today’s corporate leaders realize that purpose is essential to starting and growing a business. That said, purpose alone won’t make your business successful. It is the integration of impact, quality products, customer service and meaningful storytelling that allows brands to gain a competitive advantage.

A company doing exemplary work marrying purpose and product is Bombas. The direct to consumer apparel brand donates a pair of socks for every pair they sell.

“Socks are the number one most requested clothing item at homeless shelters,” David Heath, co-founder and CEO of Bombas, tells We First. “It’s a luxury item for over 640,000 people who experience homelessness in the U.S. annually.” 

In the past year, Bombas donated more than 40 million pairs of socks and shows no sign of slowing down. How do they do it? How did they turn an idea into a multimillion dollar social enterprise? 

Founding story:

Heath learned about how important socks were to homeless people in 2011. “I started giving out socks to homeless people on my way to and from work in New York City,” Heath says. “I saw one guy take his shoes off and on one foot he had wrapped a bandana around his foot and on the other, he’d literally wrapped his foot into a plastic bag to stop the boot from rubbing against it.”

People living on the street often keep their shoes on at night for fear that they might be stolen. Not having access to socks presents health risks for homeless people. Since socks are a wear-through item, there’s a lack of them at donation centers. “How can I solve this problem at scale?” Heath wondered.

The young founder graduated from Babson College’s business school