Counterpoint: Premium smartphone market grew in 2023, Apple remains at the top

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....

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