Apple unveils the new iPhone 12 and other products during a virtual event on Tuesday, Oct. 13. It's been called "the most significant iPhone event in years." Subscribe to CNBC PRO for access to investor and analyst insights on Apple and more: https://cnb.cx/3dIH56N
Apple announced that new iPhones will have 5G in a pre-recorded launch event filmed in Cupertino, California.
The first device is called the iPhone 12. Apple is expected to announce three additional iPhones.
“Today is the beginning of a new era for iPhone,” Cook said.
Cook brought on Verizon CEO Hans Vestburg to announce a 5G partnership. The new iPhones will support speedy millimeter wave 5G, Vestberg said. The new iPhones can download data at 4 Gbps speeds using Verizon’s millimeter wave network.
Verizon also announced a “nationwide” network using low-band signals that will have wider coverage but speeds closer to current LTE networks.
However, 5G networks have not been completed in the United States and availability may be limited to certain regions.
Pricing details usually come at the end of these events.
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