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Goldman Sachs boosts estimates for 2020 5G device sales

October 2, 2019

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Following Verizon’s announcement that it has officially turned on 5G in parts of New York City, Boise, Idaho and Panama City, Florida and as reports consistently show that 5G deployment will continue to accelerate, Goldman Sachs has upped the number of 5G devices expected to be deployed next year from 50 million to 120 million.

A Goldman Sachs analyst, Rod Hall, had previously believed that the Huawei trade restrictions would significantly hinder the deployment and availability of 5G.

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