In the smartphone market, advertised selling prices can differ drastically from average selling prices. For product-driven companies like Apple, calculations for average selling price provide pivotal information about its financial performance and, by extension, the performance of its stock price. The iPhone's ASP matters even more when considering how each device drives overall profitability for Apple. Since the iPhone has the highest gross margin in Apple's device family, the device generates the lion's share of Apple's profits.
That makes the iPhone crucial in determining Apple's overall financial performance each quarter. The term average selling price has a place in the housing market. When the average selling price of a home within a particular region rises, this may be a signal of a booming market. Conversely, when the average price drops, so does the perception of the market in that particular area. Some industries use ASP in a slightly different way. The hospitality industry—especially hotels and other lodging companies—commonly refers to it as the average room or average daily rate.
These average rates tend to be higher during peak seasons, while rates normally drop when travel seems to be low or during off-seasons. Top Stocks. Tech Stocks. Company Profiles. Trading Basic Education. Investing Essentials. Your Privacy Rights. Average Net Sales Price means Abbott 's actual Net Sales as hereinafter defined for Product as hereinafter defined sold divided by the total number of units of such Product sold during a given Calendar Quarter as hereinafter defined.
Average Net Sales Price means the mean Net Sales Price of Straight Sales of the Licensed Products to third parties in the same country or region during the reporting period , but not less than the minimum amount specified below. Average Net Sales Price means the average invoice price of all Net Sales in which the Licensed Product was sold worldwide in full commercial sales during the particular calendar year , it being understood that such sales shall not include units distributed as samples , for use in clinical trials or in any other manner other than a full commercial sale; and "average cost of goods " shall mean the average cost of goods of the Licensed Product units included in the calculation of Average Net Sales Price.
If they wish to promote and sell their products or services as high-quality options, they will aim for a higher ASP and set a higher price for their products accordingly. As opposed to this approach, if a company focuses more on selling a larger quantity of products or services rather than their quality, they will usually want to sell them cheaper and set a lower ASP for them.
An average selling price ASP is the average price at which a product or service is sold. ASP is calculated as the total revenue divided by the total number of all products or services sold. ASPs measured by a particular company can also serve as benchmark prices for other companies that aim to sell the same products or services and want to get an idea at what prices they can place them on the market.
Back to home. What is Average Selling Price ASP Determining the price at which a product or service can be sold on the market is one of the primary tasks for every business that deals in sales. Sample 1. Sample 2.
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