The Collapse of Mid-Range Smartphones

An anonymous reader shares a report: The global smartphone market is splitting into two distinct segments, with the mid-range segment seeing its market share plummet from 35% in 2021 to a projected 23% by 2027, according to an analysis of data compiled by Goldman Sachs.
The collapse of the mid-range segment -- $200-600 -- marks a stark reversal from 2021-22, when it held a steady 35% market share.
"While mid-end segment used to provide balance between outstanding specifications and high performa