Strategy Analytics: 5G Smartphone Pricing is a Barrier to Purchase
One in five smartphone owners say they don’t see a need for 5G technology or will wait until it is proven before upgrading, according to a new 5G smartphone pricing report from Strategy Analytics. The major barrier to the upgrade is the price of 5G capable devices, which are around $1,000 or more. Seven-in-10 of those surveyed cited price as a barrier to upgrading. However, almost half of those with $1,000 phones today, who Smart Analytics classifies as premium buyers, are willing to pay more. Among the survey’s other findings: