Home Business Today Technology 5G Network- with great speed comes great cost.

5G Network- with great speed comes great cost.

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5G wireless is coming. It’s going to be much faster than 4G — and likely way more expensive.

Before the end of the decade, wireless companies are expected to start serving up 5G technology, which promises speeds of up to 40 times faster than 4G.

With speeds that fast, you’ll be able to do incredible things on your smartphone. For example, Nokia (NOK) says 5G will let people stream “8K” video in 3-D. That’s an incredibly detailed picture, which is twice as clear as 4K video and 16 times clearer than full HD video.

A person with a 5G smartphone could download a 3-D movie in about 6 seconds. On 4G, it would take 6 minutes.

But with great speed comes great cost. So if you’ve got big dreams of having 3-D FaceTime conversations on your 5G iPhone, you’d better be prepared for a truly shocking wireless bill.

As wireless speeds have increased over the past decade, consumers’ data usage has soared. Today, 4G smartphones generate nearly 10 times more traffic than non-4G devices, according to Cisco.

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