The Smart Phone Explosion

Take a second to digest this chart:

Fast_Growing_Technologies

Ryan Avent's eyes open wide:

Smartphones—extraordinarily powerful, mobile, data-network-connected computers equipped with GPS, accelerometers and all sort of other gee-whizzery—have become so ubiquitous so fast because they're so remarkable (and because falling tech prices have quickly made them affordable). But because they've become so ubiquitous so fast, I think we underappreciate the revolutionary potential of a world in which powerful mini-computers are everywhere …