Cheaper 5G smartphones ramp up volumes

Average selling prices (ASPs) of mobile handsets stayed flat at about $258 in the first three quarters of calendar 2024, helping volumes grow 6% on-year to 46 million units, according to market researcher IDC. However, higher volume at flat ASPs led to a modest 6% growth in industry revenue in the September and June quarters to $11.86 billion, halving from a 12% growth in Q1 2024.