Credit: Robert Triggs / Android Authority
- The average smartphone cost jumped by $119 from Q1 2022 to Q1 2023.
- That makes the cost a record high of $790.
- Unfortunately, the overall market declined by 11.2%, meaning people spend more but buy less.
In the world of Android phones, you can get something at pretty much any price point you want. Even $100 can get you something usable. However, statistics show that people are increasingly choosing to spend more money on a phone than ever before, and a new report backs up that finding.
A new report from Canalys shows that the average smartphone cost in North America increased significantly over the past year. In Q1 2022, a smartphone’s average selling price (ASP) was $671. In Q1 2023, that price jumped by a whopping $119 to a total of $790. This is a record high.