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Apple reported Tuesday that iPad sales increased 111 percent during the fourth quarter to 15.43 million, a mind-boggling number that helped the Cupertino, California titan post record revenue of billion.

Apple Pay has now fully covered the European Union and enjoyed in a total of 47 markets, he said, adding that Apple Pay also launched the payment card for China's Didi, the world's largest ride-hailing provider.

Areas such as the industry IoT, the internet of vehicles, virtual reality and remote medical care are likely to benefit the most from the commercial use of 5G, said Wu.

Applications of 3D printing in surgical preparation, and surgical guides and implants design and manufacturing, can maximally customize surgeries to meet individual patients' needs, he said.

As Huawei is defending its legal rights and interests by appealing this decision in court, the rollout of its 5G network has slowed in Sweden. Ekholm warned that when the 4G rollout happened, Europe was slow to adopt it and if the situation repeats, the regional economy may suffer as a result.