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Less Demand for iPhone 11 Because People are waiting for a 5G model

The new iPhone 11 is out, and we still don’t have 5G support for the same. Apple is waiting for the 5G chipsets for calling and the modem to be integrated into one. This is leading to customers preferring lower-priced iPhones instead of the iPhone 11 according to Piper Jaffray, an investment banking company, which conducted a survey with current iPhone users.

People are also waiting for the 5G iPhone to be released next year and thus we are seeing iPhone 11 sales being flatlined. Despite the iPhone 11 being priced lower than last year’s iPhone XR, the Piper Jaffray survey highlighted that out of 1,500 iPhone users, only 51% of the survey respondents showed an interest in buying the iPhone 11, iPhone 11 Pro, or the iPhone 11 Pro Max this year. The results are way lower than last year with 69% of the people showing interest in the iPhone XS, XR and XS Max.

The iPhone 11 doesn’t offer much improvement when compared to last year’s model except for the camera department. People would rather wait one more year to buy the 5G version of the iPhone instead of buying the cheaper but slightly improved iPhone 11.

iPhone 11

5G technology aims at providing fast internet speeds and reliable connectivity at all times. It is designed to work even when there is a large crowd trying to connect to the internet at the same time. Stock analysts believe that the Apple stock will have to be carried by their services like Apple Music and Apple Pay until they release a 5G model in 2020.

The survey also revealed that the lower-priced iPhone 11 model of this year’s lineup is the most successful with 27% of people opting for the iPhone 11. The iPhone 11 is comparable to last year’s iPhone XR.

Most of the big smartphone players have launched 5G network supporting capable flagship phones. One example for this is Oneplus getting ready to launch its Oneplus 7 Pro 5G in India. Apple, as usual is late to the party with no expected 5G release till mid to late 2020. The company is bound to face repercussions of this decision.

The firm estimates that once a 5G phone is released by Apple, the sales will grow by 2% every year. This was revealed when they asked the surveyed people if they would upgrade to a 5G iPhone for $1,500. 23% of the people showed interest in upgrading, which is quite a rise from 18% which was the interest showed by respondents back in June.

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