I’m optimistic on 5G as penetration is still low: Apple CEO Tim Cook

As India sets eyes on a mass-scale 5G adoption with kicking-off spectrum auction, Apple CEO Tim Cook has said that the 5G penetration is still low around the world, a reason that makes him optimistic about its future.

The installed base of smartphones with 5G capabilities has crossed 5 crore (50 million) in the country, and 5G smartphone shipment share reached 29 per cent of overall shipments in the second quarter (Q2), which was the highest ever, according to Counterpoint Research.

In an earnings call with analysts after posting robust June quarter results, Cook said 5G has been an accelerant.