The price of smartphones in the global market will increase soon

The latest data and statistical surveys show that customers’ interest in flagship products is expanding and the desire to buy other categories. Smart phones, decreased. This issue has caused the manufacturing companies to focus more on more advanced products, which will ultimately lead to an increase in the final price of the products.

Why do smartphones keep getting more expensive?

In the past weeks, rumors about the iPhone 15 series were published, which indicated that the Pro version of this product would become more expensive. If this issue is true, for the first time since the introduction of the iPhone X, we will see an increase in the price of the Pro series of Apple products, and probably other manufacturers, including Android brands, will follow this procedure.

now New report It shows that the increase in the price of smartphones is closer to reality than in the past. Counterpoint Research has shown that despite a 12% annual decline in smartphone sales, demand for premium products has increased by 1% each year. Also, for the first time, expensive devices have been able to take 55% of the global market share. In other words, it can be said that mobile phone manufacturers have sold fewer mid-range and low-end products, but devices with a price tag of $1,000 or more have experienced more sales and brought more revenue to them.

By examining the sales of premium phones from 2016 onwards, we realize that the demand for them has always been constant or increasing and has never seen a downward trend in these years. This trend is not seen only in developed countries, and citizens of developing countries have shown more interest in buying more expensive products. In the end, the aforementioned causes the manufacturers to spend more money on the research and development of their flagships and increase the final price tag for customers due to the assurance of high demand.