Based on the most recent report issued by Counterpoint Research, the average selling price (ASP) of smartphones in the global market is forecast to climb from $357 in 2024 to $370 in 2025. By 2029, it is expected to soar to $412, exhibiting a compound annual growth rate (CAGR) of 3%. The key drivers behind the rise in ASP include the trend of premiumization, the widespread rollout of 5G technology, and consumers' growing appetite for advanced features.