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5G phone price drops as popularity rises

Article by Sara Lebow  |  Sep 28, 2022
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5G phone price drops as popularity rises
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Smartphones
5G
Worldwide

For more insights and key statistics on the biggest trends in today’s most disruptive industries, subscribe to our Chart of the Day newsletter.

The average selling price (ASP) of smartphones will be $413 worldwide this year, up $70 from 2020.

Average Selling Price (ASP) for 5G, 4G, and Total Smartphones Worldwide, 2020, 2022, & 2026
E-Mail ChartDownload

Beyond the chart: Both 4G and 5G phones are getting cheaper, but as more people switch to the new network, overall smartphone ASP is increasing. In 2022, more than half of smartphones shipped will be 5G-enabled, and come 2026 that figure will rise to almost 80%.

The price of these devices will be higher than previously forecast—by $8 this year and $4 in 2026—likely due to supply chain issues and economic headwinds.

More like this:

Read yesterday’s Chart of the Day here.

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