iPhone average selling price up 14% as iPhone 13 drives record revenue

The iPhone average selling price (ASP) hit double-digit growth last year, increasing 14% year-on-year. The popularity of the iPhone 13 was the key driver, helping propel the global smartphone market as a whole to record annual revenue of $448B.

Despite component shortages, the smartphone market grew 7% year-on-year, with Apple taking by far the largest slice of the pie …

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