Technical News Office – The demand for smartphones is increasing and every day a company launches its new model in the market for its customers. With the advent of new technologies, customers are also rapidly replacing their old phones. In such a situation, if you are also planning to buy a new phone in 2025, buying a new phone next year may turn out to be expensive. According to Counterpoint Research’s Market Outlook report, the global average selling price of smartphones could increase by 3% year-on-year in 2024 and 5% in 2025.
What is the reason for the increase in the price of smartphones?
The first reason is that the price of advanced components used in phones is increasing. The second reason for the price increase is the use of 5G technology. The third reason for the increase in phone prices could be generative AI. Customers appreciate AI capabilities. To provide these features, a more powerful processor is needed and the more powerful the processor, the higher the price will be. This is the reason why companies use not only powerful processors but also good graphics, phones are becoming expensive because of generative AI.
Apart from these reasons, there can be many other reasons such as the use of new technologies in smartphones like foldable screen, better camera sensor and fast charging technology etc. It takes a lot of time and money to develop these new technologies and integrate them into smartphones.
Due to all these reasons, smartphone prices are expected to increase in 2025. However, companies will continue to launch good smartphones for you even in the budget segment, but you cannot expect advanced and powerful features in mobile phones launched in the economic segment. The company limits these features only to mid-range and flagship phones.
Share this story
