In the last 10 years, smartphones went mainstream, created billion-dollar corporations, rearranged existing industries and changed the world. We can't put them down. What does Apple do next?
are collectively worth more than $60 billion, and they exist only thanks to the always-on GPS location and high-speed wireless connections that became common with the iPhone.
"The camera and Instagram. Location does anything from maps, like Waze, to advertising on Google Maps, to food delivery like. NFC has enabled mobile banking, which is going to change the banking industry. Content consumption is video consumption now. YouTube wouldn't be YouTube now without the iPhone," he said.
developers on its App Store platform had made $120 billion since it launched in 2008, with over $30 billion in 2018 alone.Although the core idea of the iPhone did not change during the decade, the device itself became significantly more powerful. "Now that we're on iPhone 11, if we went back and used the iPhone 1 or 2, it would be like going back to the Model T," Kagan said.
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