covid-19 pandemic economy

Apple unveils new iPhones for faster 5G wireless networks

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are still uncommon in much of the world, including the U.S. There are no popular new consumer applications that require 5G.The iPhone models unveiled Tuesday will launch at different times.

The iPhone 12 and 12 Pro will be available starting Oct. 23; the Mini and the Pro Max will follow on Nov. 13.That compresses Apple's window for building up excitement heading into the holiday season.

Consumers are generally expected to have less money to spend amid high unemployment and economic anxiety due to the COVID-19 pandemic.Although other parts of Apple’s business are now growing more rapidly, the iPhone remains the biggest business of a technology juggernaut currently worth about $2 trillion, nearly double its value when stay-at-home orders.

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