Premium smartphone market is on the way back

How much are you willing to pay for a smartphone? If you're in the market for a high-end device, then chances are you aren't too restricted by budget.

Of course, with the price of some handsets passing the $1,000 mark, some people might just start to find themselves priced out of the market.

But at the same time, there's every chance that most customers will simply accept that if they really want the best, they will have to pay for it.

Given the level of excitement around upcoming phones such as Samsung's Galaxy Note8, this seems a much more likely scenario.

Indeed, people are accepting that the going rate is increasing and will happily pay more for better photos, better apps and faster downloads on clearer and high-resolution screens.

According to Foad Fadaghi, managing director of Telsyte, several major smartphone companies including Samsung look set to lift prices well beyond $1,000 in the coming months.

Speaking to News.com.au, he said: “This year we're going to see the re-emergence of the premium smartphone market.

“We'll see a number of handsets at a very high price point.”

Mr Fadaghi also expects many people with cheaper smartphones to upgrade to higher-end models regardless of the price.

“Australian consumers who flirted with low-cost handsets will move up in value, given the arrival of new products and their increasing dependence on smartphones,” he predicted.

So if you're thinking of moving into the premium handset market, this might be exactly the right time to take the plunge.

Written by Mazuma

Mazuma Mobile is Australia's most trusted mobile phone recycling service.

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