Hotspot device lets iPhone owners experience 5G right now

Verizon just dropped their 5G M1000 hotspot. It sells for about $650, which does not include a data plan. Read the linked article for details, or check out the Verizon product page.

Trying to wrap my head around the usefulness of this product. Obviously, it’s not useful if you don’t have 5G in your area. So if you do have 5G service, it will port that 5G to your non-5G devices. In effect, this lets you experience 5G on your iPhone, while we wait for a 5G iPhone. Again, in that limited case where you have access to 5G.

Sometime in the not too distant future, Apple will likely start rolling out their 5G phones, and 5G service will become more widely available, at least in urban areas. And that $650 5G hot spot will become a doorstop, since you can, presumably, just use your iPhone as a (much more portable) hotspot.

Think I’m missing something here?