Global smartphone revenue rises by 7%

Counterpoint Research has recently revealed that global smartphone revenue rose 7% year-on-year in Q2 2026 to an historic $109 billion. This revenue makes for the highest second-quarter total on record even as shipments declined. The disconnect between rising revenue and falling volumes was driven by average selling prices (ASPs), which rose 17% to a record high of $400, fuelled by sustained demand for premium devices and memory-driven price hikes across Android portfolios.