Smartphone price begins to decline regardless with the innovation in technology and strategic plans of manufacturers. Budget phones started to take over as the hottest niche in mobile industry and new vendors grow rapidly in their local territories. What would you do to get back the cash you've spent for your phone?

Top Three at the Losing Edge?

Global average sales price or ASP tumbles to $375 today compared to $450 in early 2012, defining rapid decline in smartphone prices.

1. Apple's iPhone

By autumn 2013, Apple is expected to launch a budget variant of the iPhone costing $300 to $330 per unit without any subsidies. This price range is less than half of what iPhone 5 costs in retail stores.

2. Blackberry Phones

Blackberry launches their new OS and began selling two new devices above $600 while the cheapest is at $400 for Blackberry Q5. Due to several factors such as application ecosystem and consumer demand, European markets drastically shift towards budget phones.

3. HTC's the One

Innovative and powerful, HTC One features remarkable technological advancement but failed to connect with consumers. HTC One costs $600 without any cheaper alternative below $300 which could lead to a fatal consequence if Apple releases a $300 iPhone variant.

4. Nokia's Lumia

Windows Phone OS and Carl Zeiss optics may have a great selling for Nokia's come back to mobile industry but the company started pushing Lumia phones from aggressive category to budget line such as Lumia 520. It started selling at $130 to $150 without any subsidies.

5. Samsung Galaxy Line

Samsung isn't fully affected by consumers' shift with budget since the company already filled that part with many other Galaxy devices. Galaxy S4 disappointing sales figure only reflected solely to itself while Galaxy S3 and Galaxy Note 2 remains at stand especially with the upcoming Android 4.3 Jelly Bean.

Recycling your Phone for Cash

CompareMobile.com offers recycling of mobile phones, tablets and other gadgets in exchange of cash. The Web site simplifies it via three steps - Search, Compare, Cha-Ching!

- Apple iPhone 5 16GB: Get a total cash value between £149.82 to £300.60 for recycling.

- Blackberry Z10: Get a total cash value between £85.24 to £215.00 for recycling.

- HTC One: Get a total cash value between £190.12 to £278.20 for recycling.

- Nokia Lumia 920: Get a total cash value between £82.13 to £174.20 for recycling.

- Samsung Galaxy S4: Get a total cash value between £250.00 to £320.50 for recycling.

Prices listed on their Web site varies from the recycler store and current condition. Recycled mobile phones can be refurbished if damaged, then sold on in other countries. Broken materials can be extracted from the phone to create new products.