Tag: Counterpoint Research
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Why Smartphone Prices Are Rising: Industry Transformation
The Rising Costs of Smartphones The smartphone industry is undergoing a significant transformation, leading to noticeable increases in prices. Consumers are increasingly opting for premium models, which has driven the average selling price (ASP) higher each year. According to a report from Counterpoint Research, the ASP is expected to rise from $357 in 2024 to…
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The Rise in Smartphone Prices: Understanding Market Trends
The Changing Landscape of Smartphone Pricing The smartphone market is undergoing a significant transformation, with users increasingly gravitating towards premium models. This shift is driving up the average selling price (ASP) year after year. According to Counterpoint Research, the ASP is projected to increase from $357 in 2024 to $370 in 2025, reaching $412 by…