Smartphone revenues hit record high as premium demand lifts Q4

Global smartphone revenues reached a record US$135 billion in the fourth quarter of 2025, up 7% year-on-year, according to Developing Telecoms. The market earned more money even as unit shipments stayed under pressure, helped by higher average selling prices and steady demand for premium models.

The data underlines a continuing shift: fewer phones are being sold, but more buyers are paying for high-end devices. That mix is keeping revenue growth positive despite volume weakness.