What puzzles me most is, as Apple continually publicly say how good, honest, truthful etc etc they are to the public.
Why would they ever agree to allow this 5G logo to be displayed on their phone in the 1st place, when they know it's sold purpose is to mislead less knowledgeable customers?
I think there's two things at play here:
First, AT&T is going to push this to any compatible Android phone running their software, so it's in Apple's interest to match this so brand-new iPhones don't appear "old" (think of two sitting side-by-side at an AT&T store and the iPhone "only" has LTE). It's stupid, but AT&T controls the narrative in their stores and web site.
Second, I think Apple is of the mindset that they're not enforcing the nomenclature for carrier networks because they're not in that business. We see this with the mix of Android phones (some show 3G+, some show 4G, some show H+ for AT&T and T-Mobile's HSPA network, and LTE networks are often labeled as LTE or 4G, depending on the device).
Do I agree with what AT&T is doing? Nah. However, i think Apple is choosing their battles and if they dug their feet in about not calling the technology the same as what AT&T is doing, they're not going to "win" - AT&T is going to keep going with this 5Ge thing until every non-Apple device they sell would show it.
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What does even Sprint have to do with AT&T?! Can't they just mind their own business?
Pettiness...calling BS on a competitor...pointing out their own 5G plans with free advertising...etc.