The big picture: The smartphone upgrade cycle has slowed as of late as consumers are getting more life out of their devices. 5G was expected to spur a super cycle of upgrades but pricing could be a significant barrier, notes Brad Akyuz, executive director and industry analyst at NPD Connected Intelligence.
Premium smartphones have been commanding around $1,000 for well over two years now. Even though consumers are more comfortable with the idea now than they were initially, that doesn’t mean people are forking over









