37% of smartphones shipped in 2012 cost less than $250

"According to data from global research firm International Data Corp. (IDC) released to The Globe and Mail, smartphones costing less than $250 made up 37 per cent of all units shipped in 2012, up from 27 per cent in 2011. An even cheaper segment – smartphones priced between $75 and $100 – grew by 750 per cent. Meanwhile, the highest-priced phones showed slowing or negative worldwide growth, the research shows.
“The world is awash in low-cost smartphones,” says Kevin Restivo, an IDC mobile device analyst."

Source:  The Globe & Mail, 1st June 2013