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2020 has been a pretty terrible year all things considered, but it was also pretty bad for smartphone buyers. According to a report by Counterpoint Research the average selling price (ASP) of smartphones globally increased by 10% YoY in Q2 2020. This came in the face of the highest ever decline in smartphone shipments YoY at 23%. The report notes that the overall smartphone industry is expected to decline at 15% YoY.
The report notes that prices for smartphones increased in almost all regions except in Latin America where prices decreased by 5% YoY. The APAC region, that includes India, saw an…