Why one may have to pay more to buy smartphones in 2025

Smartphones are becoming increasingly expensive, driven by a combination of factors including the rising cost of advanced components, the transition to 5G technology, and the integration of cutting-edge features like generative AI.
According to Counterpoint Research, the global average selling price (ASP) of smartphones is projected to rise by 3% in 2024 and an additional 5% in 2025. This upward trend is largely attributed to the increasing demand for premium devices equipped with powerful processors and advanced AI capabilities.