Learn about actual and potential costs
How much should I pay for Smartphones?
What is the average price of Smartphones?
This procurement report includes pricing information to help you purchase Smartphones. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Smartphones been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Smartphones yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Smartphones?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Smartphones with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
There are an estimated 70 suppliers in the smartphone market, with the top four suppliers capturing a substantial share of overall revenue. Apple and Samsung alone account for about 50.0% of total market revenue combined. Market share concentration has been relatively steady during the three years to 2020. High startup... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Related Goods & Services
What additional products or services do you offer separate from smartphones?
Are there any promotional deals for bulk buyers?
Do you prohibit the sale of accessories that complement your smartphone but are not your brand?
Are there any incentives for me to carry your brand of accessories?
What new solutions have you introduced to address issues brought on by the coronavirus pandemic?
What is your level of brand equity like among competitors and customers?
Do you offer any value-added products or accessories that your competitors do not?
How do your R&D expenses compare to those of your competitors?
How often do you release new models?
How many reports of smartphone malfunctions has your company received in the past three years? How do you handle the discovery of faulty phones?
How many of your products have been recalled in the past three years? What were the primary reasons for these recalls?
What measures do you take to ensure product quality?
How do sudden demand increases affect the quality of your products?
How frequently are your facilities updated, and how does your company incorporate new technologies?
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Key elements for every RFP
What should my RFP include?
Buyers should specify their budgets for smartphones and related goods and services.
Buyers should indicate when payment will occur, stating whether the winning bidder will be paid in one lump sum upon award of the contract, or in installments.
Buyers should reference the Benchmark Price and Total Cost of Ownership sections of this report for assistance in creating a budget.
Buyers should look for vendors that offer smartphones that meet the requirements of the RFP.
Buyers should evaluate vendors based on previous client testimonials.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should outline the timeline for when proposals are due and when award information will be available.
Buyers should include any benchmark dates relevant to the project, such as delivery dates for smartphones.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Smartphone manufacturers' domestic operations are generally focused on design and R&D rather than manufacturing. As a result, the process of producing smartphones is highly globalized, which creates a moderate level of supply chain risk for buyers. The production of required components and finished goods takes place primarily in Asia, with... Subscribe to learn more.