Smartphone makers are pricing themselves out of the market
While demand for entry-level and mid-price smartphones has remained strong, global sales of high-end smartphones like the iPhone XS and XS Max have steadily declined over the past year, according to a new report from Gartner.
Less innovation in top-of-the-line smartphones coupled with steep price increases are pushing consumers to wait longer to replace older handsets, according to Gartner.
The research firm found that in 2018, global sales of smartphones grew just 1.2% compared to the year before, reaching 1.6 billion units.