Smartphone prices have been gradually going up and up in recent years, as phones get smarter and offer better cameras and features. Now, it seems, people have had enough of the price hikes.

New data from industry analysts, the NPD Group, suggests that less than 10% of US consumers are spending over $1000 on a new smartphone. That 10% of consumers will likely be the target market for new, 5G devices, which will be coming to market over that $1000 price barrier.
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