During today's earnings call covering the first fiscal quarter of 2020, Apple CEO Tim Cook was asked about 5G, and how much of a demand driver it might be for Apple.

Cook of course said that he wouldn't comment on future Apple products with respect to 5G, but said 5G is in the "early innings of its deployment on a global basis."

Cook went on to say that Apple "couldn't be prouder" of its current iPhone lineup, and is excited about the upcoming product pipeline. "We wouldn't trade our position with anybody," he said.

In another question, Cook was asked about the demand for 5G and the demand for lower-cost iPhones, and how that might impact Apple's future ‌iPhone‌ product plans, which Cook also declined to comment on. He did say that in general, "it's important to look around the world at 5G deployment schedules." Cook said he will not comment on the price of handsets that are not announced.

Rumors suggest that Apple's 2020 iPhones will include 5G support for the first time, allowing the devices to connect to available mmWave and Sub-6GHz 5G networks, which carriers are in the process of rolling out in the United States and around the world. Rumors indicate Apple will use Qualcomm's 5G chips for 5G connectivity.