Four billion people are buying new smartphones every two years, massively outpacing the PC industry (where we buy 1.6 billion PCs every five years).
Our desire for the most powerful, newest tech in our pocket is the beginning of a symbiotic merger of between human and machine.
This blog is about this metatrend.
Check out the explosive growth curves below. They demonstrate why tech will infiltrate you, your business, your family, and every aspect of your life.
How many of us don’t let our mobile phones get out of our sight? How often are they more than a meter or two from our grasp?
The data comes from a fantastic presentation by Benedict Evans from Andreesen-Horowitz called “Mobile is Eating the World.”
Graph Above: Growth of smartphones vs. PCs
Smartphones and tablets now take up half of the consumer electronics industry.
Graph Above: Growth of mobile as a percent of consumer electronics
The power of smartphones comes from the unique mix of connectivity, computing and sensors it brings into our lives. Let’s take a look.
With a glimpse of what’s to come, Sprint has already demonstrated an over-the-air speed of 1 gigabit per second at their Silicon Valley lab.
The Android app store has 1.3 million apps.
Apple’s app store has 1.2 million.
While a significant portion of these apps are useless, more and more truly powerful apps are being developed that take advantage of the sensing and computing capabilities of smartphones.
And these apps are sticky.
We spend a lot of time on them.
Heck, today there’s more time is spent on mobile apps than on the entire Web.
Chart Above: Time spent on Mobile Web vs. Apps vs. Desktop
I often talk about exponential organizations – small teams of people leveraging exponential technologies and resources to scale quickly and disrupt slow-moving incumbent businesses.
Mobile and infinite computing are one of the core drivers allowing this to happen.
Instagram was acquired for a $1 billion with a team of 13 employees.
There are 1.5 trillion SMS messages sent between smartphones globally every year.
WhatsApp, an app that was built by a team of 30 people and acquired by Facebook for $19 billion, processes 7.2 trillion messages a year.
In 2000, a business with 100 employees would need to raise $10 million to reach 1 million people.
Today, we see many examples of teams of around 10 people raising $1 million and reaching 10 million people.
Or, in the case of the silly app “YO,” one person raises $0 and reaches 1 million people in months.
How are you leveraging these platforms?
The opportunity these technologies present to solve the world’s grand challenges are incredible.
Don’t build dumb apps.
Build problem-solving apps.
At XPRIZE, we’ve launched a $15M Global Learning XPRIZE to incentivize teams to create a piece of software on a tablet that can teach any child anywhere in the world how to read, write, and do basic math.
Today teams are competing to win the $10M Qualcomm Tricorder XPRIZE to build a mobile device that can diagnose you better than a board-certified doctor.
This is really just the beginning.
If you’d like to join me in these discussions (and more), I run an executive mastermind group called A360 for 250 CEOs, entrepreneurs, and investors. There are only a few spots left. Apply here.
P.S. Every weekend I send out a “Tech Blog” like this one. If you want to sign up, go to PeterDiamandis.com and sign up for this and my Abundance blogs.
P.P.S. Please forward this to your best clients, colleagues and friends — especially those who could use some encouragement as they pursue big, bold dreams.