Your next big smartphone purchase could come with a hefty price tag

The global smartphone average selling price (ASP) rose by 10% during the second quarter as  lower sales of cheaper handsets, the resilience of the premium segment, and demand for 5G devices helped offset the wider issues caused by thecCoronavirus pandemic.

Lockdown measures have limited economic activity worldwide, with consumers unable or unwilling to make certain purchases. Sales of mid-range and low-range handsets were hit particularly hard as a large proportion of these take place on the high street.

Counterpoint Research says the industry recorded its lowest ever quarterly shipment decline of 23% however total revenues only fell by 15% as consumers bought more expensive devices.  

Smartphone price rise

Industry ASP has been rising over the past few years due to market saturation and the increasing cost of flagship devices, but Covid-19 has added additional variables that have accelerated this trend.

Shipments of premium smartphones only fell by 8% with Apple

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Hackers Keep Hitting Financial Services Despite Hefty Cyber Spend

Rod Holmes, vCISO, The Crypsis Group.

Financial services organizations consistently outspend most of their vertical sector peers in cybersecurity staff, tools and associated investments, but the cyber hits just keep coming. According to our recent report, the financial services industry received the highest number of business email compromise (BEC) attacks in 2019 and the second-most cyber incidents across all types, following the healthcare sector.

For years, financial services has led the pack in cybersecurity spending. In 2015, for example, a Homeland Security Research study concluded the U.S. financial services cybersecurity market was the largest and fastest-growing nongovernmental market in cybersecurity.

In 2019, financial services companies dedicated between 6% and 14% of their annual IT budgets to cybersecurity (an average of 10%), according to a Deloitte study. (Current recommendations are between 4% and 10%; however, most companies fall short). In light of increasing Covid-19-related threats, these institutions plan to

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