What do I think about foldable phones? I think foldable phones don't matter! Foldable phones remind me of flip phones back in time, but now instead of flipping a phone in style, we can unfold a phone into a tablet. Since foldable phones are so expensive, I guess using the tablet and unfoldable phone I already have will be just fine!
Although foldable phones are not that important, the 5G technology that gets to debut on these foldable phones is really important! Since 5G allows communication over the air almost instantaneously, and so this could allow innovations in the Internet of Things sector to thrive big time.
One company right now is leading the pack in terms of 5G is of course none other than the Chinese giant, Huawei. Right now, Huawei is getting a lot of heat from the United States. Huawei's CFO Meng Wanzhou, the daughter of the founder of Huawei, is being under house arrest in Canada at the behest of the United States extradition agreement with Canada. Furthermore, the United States is increasingly persuading other countries to not use Huawei's 5G technology.
5G can be really useful for whatever purposes demand faster wireless communication. I may not know what purposes would demand 5G the most, but I do know that 5G will be great for commercial purposes such as the Internet of Things devices. Furthermore, 5G will accelerate the use of driverless cars and other automated vehicles.
5G can allow driverless cars to see each other instantaneously and also communicate with smart roads and highways instantaneously. 4G technology is definitely too slow and less reliable than 5G when it comes to deploying the technology on a massive scale to allow crucial transit systems to work in a smarter way. So I think 5G will definitely be a game changer in wireless communication.
Anyhow, I guess it's going to be expensive to build a massive backbone system that could support the 5G wireless system. It seems though, this isn't the problem for Huawei. Huawei seems to be able to deploy a 5G network for various platforms in China already! For example, a 5G network is now already up and running for Qingdao Port in Eastern China.
China is leading the way to deploy a 5G network not only in China but across the world. Huawei is at the forefront of this 5G expansion from China. I'm not sure why the United States is really scared about how China is leading in 5G, but my guess is that whoever leads the 5G network deployment across the world gets to call the shot for making a standard for 5G chipsets and much more. This means big money and market cornering.
Since 5G technology will change how wireless communication permeates the global economy, new and old markets could churn out a lot of new money for the global economy. For example, driverless cars will become more reliable, encouraging people to spend more money on driverless cars. Dumb cars without the support of 5G technology might get left behind, collecting dust somewhere while driverless cars sell like hotcakes.