Smartphone Prices on the Rise Generative AI Advanced Chipsets Fuels 3 Pc Growth in 2024 ASP 5 Percent in 2025 Expected
The prices of smartphones are increasing due to being equipped with advanced components, 5G connectivity support and AI-powered features. An Insight report estimates a 3% increase in the global average selling price (ASP) for smartphones in 2024, followed by a 5% increase in 2025. This has happened due to the increasing demand for premium devices…