Counterpoint Research posted its overview of the premium smartphone market in 2023. According to its research, based on preliminary Q4 2023 results, sales of smartphones that cost more than $600 have increased by 6% on a yearly basis.
This is in contrast to the projected decline of the overall smartphone market. The analysts said 24% of all smartphones now fall in the premium category, and the segment is expanding in emerging markets.
According to Senior Analyst Varun Mishra, consumers are now willing to pay more for a high-quality device that can be used for a longer period….