<p>Apple's stock was up significantly in US trading Monday ahead of a much-anticipated event where the tech giant is expected to unveil its 5G-capable iPhone 12 line-up.</p>.<p>The company is the most expensive on Wall Street with a value of $2.03 billion as of the close of Friday trading, and its share value on Monday was up 4.8 per cent at $122.59 around 1550 GMT.</p>.<p>Analysts expect Apple to introduce a selection of iPhone 12 models in multiple sizes, with some shipping earlier than others due to the toll the pandemic has taken on the company's supply chain.</p>.<p>The new model will be particularly notable for being tailored for the super-fasted 5G telecom networks taking root around the world.</p>.<p><strong>Also read: <a href="https://www.deccanherald.com/business/business-news/new-apple-iphone-12-to-offer-5g-speeds-us-networks-cant-deliver-900888.html" target="_blank">New Apple iPhone 12 to offer 5G speeds US networks can't deliver</a></strong></p>.<p>Some Apple rivals have already produced 5G models, and China is far ahead of the US when it comes to the new-generation networks.</p>.<p>Wedbush Securities called the new iPhone "Apple's most important product cycle since the iPhone 6 in 2014," with demand by Chinese consumers to upgrade to the phone expected to be strong.</p>.<p>"Cook & Co. have the stage set for a supercycle 5G product release which should drive shares further, in our opinion," Wedbush said in a note, referring to chief executive Tim Cook.</p>.<p>"Although the soft macro and <a href="https://www.deccanherald.com/coronavirus-live-news-covid-19-latest-updates.html" target="_blank">Covid-19</a> backdrop will clearly dent some demand, we believe the underlying growth drivers for iPhone 12 success are unparalleled."</p>
<p>Apple's stock was up significantly in US trading Monday ahead of a much-anticipated event where the tech giant is expected to unveil its 5G-capable iPhone 12 line-up.</p>.<p>The company is the most expensive on Wall Street with a value of $2.03 billion as of the close of Friday trading, and its share value on Monday was up 4.8 per cent at $122.59 around 1550 GMT.</p>.<p>Analysts expect Apple to introduce a selection of iPhone 12 models in multiple sizes, with some shipping earlier than others due to the toll the pandemic has taken on the company's supply chain.</p>.<p>The new model will be particularly notable for being tailored for the super-fasted 5G telecom networks taking root around the world.</p>.<p><strong>Also read: <a href="https://www.deccanherald.com/business/business-news/new-apple-iphone-12-to-offer-5g-speeds-us-networks-cant-deliver-900888.html" target="_blank">New Apple iPhone 12 to offer 5G speeds US networks can't deliver</a></strong></p>.<p>Some Apple rivals have already produced 5G models, and China is far ahead of the US when it comes to the new-generation networks.</p>.<p>Wedbush Securities called the new iPhone "Apple's most important product cycle since the iPhone 6 in 2014," with demand by Chinese consumers to upgrade to the phone expected to be strong.</p>.<p>"Cook & Co. have the stage set for a supercycle 5G product release which should drive shares further, in our opinion," Wedbush said in a note, referring to chief executive Tim Cook.</p>.<p>"Although the soft macro and <a href="https://www.deccanherald.com/coronavirus-live-news-covid-19-latest-updates.html" target="_blank">Covid-19</a> backdrop will clearly dent some demand, we believe the underlying growth drivers for iPhone 12 success are unparalleled."</p>