Folks go to the Ericsson stand throughout the Cellular World Congress (MWC) Shanghai 2019 on the Shanghai New Worldwide Expo Heart on June 25, 2019 in Shanghai, China.

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Hedge-fund supervisor Dan Niles advised CNBC on Friday he is seeking to play the expansion of 5G by investing in chipmakers and different telecom corporations as an alternative of Apple, which simply released its first iPhone that’s appropriate with the next-generation wi-fi community.

“Apple just isn’t worth for the expansion you are getting,” the founding associate of AlphaOne Capital Companions stated on “Closing Bell,” expressing considerations in regards to the firm’s vital appreciation in share worth with out strong income development alongside it.