Samsung enjoys the highest average selling price of its smartphones in 6 years

According to a new report from Strategy Analytics, cited by SamMobile, Samsung sold its smartphones at $292 on average in the first quarter of 2020, up 8.5 percent from the same period a year earlier. It’s the highest average selling price (ASP) of smartphones for the Korean company since the second quarter of 2014 ($297).

In comparison, the smartphone ASP for the previous years was $247 in 2019, $251 in 2018, and $243 in 2017. Last year’s launch of the Samsung Galaxy Fold may have contributed to the increase. The high-end foldable device carried a price tag of near $2,000 and was the first phone with a flexible screen of the company.