All articles tagged with #average selling price
Counterpoint Research forecasts foldable smartphones will average about $1,485 in 2026 (up 18% from 2025), driven by higher-priced book-type models like the anticipated iPhone Fold; clamshells are expected to lose ground while premium foldables around $1,600–$2,000 grow, with top-tier devices potentially reaching $2,500–$3,000, a trend Apple’s entry could amplify across the high-end segment.
Rivian's average selling prices (ASP) for its electric vehicles (EVs) continue to trend upwards as new orders drive demand. The company's CEO, RJ Scaringe, attributes the increase in ASP to improvements in material costs, plant upgrades, and higher production volumes. Despite a loss per vehicle in the third quarter, Rivian's gross profit per vehicle delivered has improved throughout the year. The company plans to introduce new technologies to its R1 platform in 2024, which is expected to reduce material costs and improve its margin profile. Rivian's exclusivity deal with Amazon has ended, allowing the company to sell its electric delivery vans to a wider customer base. With unique products and strong demand, Rivian is defying the notion of a slowing EV market.
Apple has achieved a new record for the iPhone's average selling price, reaching $988, up from $882 over the last year, according to a report by CIRP. The iPhone 14 Pro and Pro Max were the most popular models for 2023, contributing to the increased average selling price, along with upgraded storage and customers opting for the 14 or 14 Plus over the 13 mini. CIRP believes the strength of the global market for used iPhones supports their generous trade-in values, reducing the expense of a new iPhone and encouraging buying a more premium model.