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Regular Diary readers understand that tech isn't our usual beat. Our colleague Jeff Brown will be familiar to our longtime readers.
In reality, he had numerous triple-digit returns in his Brownstone Research portfolios last year. Here's what Jeff thinks the tech sector will bring us in 2021 Each year, I like to take a look at the big photo and forecast what's simply around the corner. Long time readers of my work understand that I follow the most exciting tech patterns on the verge of mass adoption.
These patterns are experiencing exponential development and creating extraordinary chances for financiers. 5G Gadgets Our new 5G (fifth-generation) wireless networks are a subject I have actually been covering for years now.
Although the COVID-19 pandemic interfered with supply chains last year, an impressive 250 million 5G-enabled devices were still sold. Particularly in the second quarter, there were supply chain disruptions, making hold-ups, and work blockages. And all of this eventually led to Apple postponing the release of the 5G-enabled i, Phone 12 by 2 months.
When you consider all of that, offering 250 million units is exceptional. More significantly, the hold-ups caused by the pandemic produced a load of pent-up need. And that demand is now going to be pressed into 2021. In fact, I forecast that more than 500 million 5G gadgets will be delivered in 2021.
Phase 3 of 5G When I've discussed 5G in the past, I have actually explained its three various phases. In Phase One, the facilities of these new networks is built out, consisting of all the new towers and fiber-optic circuitry that 5G will require. In Stage Two, 5G devices go on sale.
And in Phase 3, 5G services start to be used. That's when we begin to see applications working on 5G networks. Think of things like enormous multiplayer games over a cellphone. That's not possible with 4G. It will be with 5G. And my 2nd 5G forecast for 2021 is that we will start Phase 3 by this summer.
More and more consumers will go out to buy a 5G phone to gain access to these applications. 5G is going to open up a suite of amazing applications: self-driving cars and trucks, the Internet of Things, robotic surgical treatment, and more.
The investment opportunities going forward will be massive. CRISPR Genetic Editing Stepping away from 5G, the next important innovation I anticipate in 2021 is CRISPR genetic editing. It's one of the most interesting developments in biotechnology.
