Counterpoint reports that China's mobile phone market is becoming more high-end: the average price was $385 last year and accounted for more than 40% in 2035

CTOnews.com, April 11, according to the latest report released by market research firm Counterpoint Research, domestic smartphone shipments in 2022 were less than 280 million units, down 16% from the same period last year to the lowest level in nearly a decade.

However, the report points out that the Chinese market still accounts for 22.6% of global shipments, far higher than the 12.4% of India, which ranks second.

The main contents of the attached report of CTOnews.com are as follows:

The average selling price (wholesale) of smartphones in China has been rising since 2014, reaching $385 in 2022 (CTOnews.com Note: currently about 2645 yuan).

The market share of high-end smartphones (priced at more than $500) has increased to more than 26% in 2022 and is still growing.

The competition among domestic mobile phone manufacturers is fierce, bringing a better experience for consumers. Smartphones have also been improving and changing in terms of form factor, computing performance, display and imaging.

The market share of high-end smartphones (priced above $500) is expected to reach 40% in 2035.

For more detailed reports, please visit: China Premium Smartphone Market Outlook: Bright Future Ahead