Benedict Evans has a great post up titled Forget about the mobile internet where he argues that mobile is the real internet and the desktop is limited. In the article, he has a slide that outlines a simple equation that best represents why we’re in a tech boom:
Here’s the formula from the slide spelled out:
- 2-3x more smartphones than PCs by 2020
Much easier to use
Vastly bigger opportunities
Simply put, more people than ever before have super computers in their pocket with tremendous functionality and ease of use. Incredibly large markets with new functionality result in huge opportunities, and we have a tech boom as a result.
What else? What are some more thoughts on this important equation to understand the current tech boom?