A dramatic shift in the smartphone market is taking place, Informa says.
Samsung's Galaxy S III and Apple's iPhone 5 are two of the most popular smartphone models in existence right now, and they both happen to be on the higher end of the pricing spectrum. Barring any special promotions or sales pricing, each device will typically set you back $200 with a two-year service agreement, which is the norm for a top-of-the-line device. By 2017, however, lower cost smartphones will dominate the mainstream market. So says a study from research firm Informa, which predicts that just over half -- 52 percent -- of all smartphones will be priced below $150 by 2017.