The first smartphones, in 2007, cost $750 in inflation adjusted terms. Only 40 million people worlwide, almost exclusively living in the developed world, could

The first smartphones, in 2007, cost $750 in inflation adjusted terms. Only 40 million people worlwide, almost exclusively living in the developed world, could afford one. Today, smartphones are in the hands of over 3.8 billion people (approaching 50% of the human population) [1], with the most affordable today going for $50, and with far more capabilities than the 2007 iPhone. [1] https://www.bankmycell.com/blog/how-many-phones-are-in-the-world https://www.bankmycell.com/blog/how-many-phones-are-in-the-w...