Why Apple CEO Tim Cook is betting big on 5G

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.
“The 5G penetration, particularly if you look at it globally, is still quite low. In some geographies, it’s obviously higher, but around the world, 5G penetration is still low. And so I think there’s reason to be optimistic,” he noted.