Apple plans to release new iPhones with 5G by October

Apple is planning to launch four new iPhone models with fifth-generation, 5G, cellular technology in October, according to a Bloomberg report on Tuesday.

This comes after, Cupertino-headquartered firm asked suppliers to make between 75 million and 80 million new iPhones.

The regular devices will come with a 5.4 inch and a 6.1-inch screen, while the premium versions will come with a 6.1 inch or a 6.7-inch display.

Apple is also planning to launch a new iPad Air, two new Apple Watches, its first over-ear headphones, and a smaller HomePod in October, according to the report.

Stocks in companies that supply Apple rose on the back of the report. Apple reported a blowout third quarter on July 30 with sales up 11% to $59.7 billion despite coronavirus disruptions.

The company becomes the first U.S. firm to be valued at $2 trillion with shares up to nearly 36% since July 30, when it announced its 4-for-1 split. The company’s stock officially split Monday and gained 3%.

CNBC