Institution: The average selling price of smartphones globally is expected to increase from $370 in 2025 to $412 in 2029.

On September 26th, Counterpoint Research's "Market Outlook Tracking Report" showed that the global smartphone market's ASP is expected to increase from $357 in 2024 to $370 in 2025, and reach $412 in 2029, with a CAGR of 3%. In addition to the improvement brought about by the trend towards higher-end smartphones, the prevalence of 5G and consumers' preference for advanced features are also driving this steady growth.