The 5G concept includes major US-listed companies in the fifth-generation telecommunication technology industry chain.
The key to the fruit chain is not market share, but user upgrade rate. That's why this round of the cycle will be strong for apples.
Bernstein pointed out that the market generally mistakenly believes that the change in iPhone sales is due to competition with Android manufacturers' market share, but this is not the case. The main driver of iPhone sales is the user upgrade rate. It is expected that Apple will usher in a strong cycle in 2025.
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