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When hardware matures faster than software, for the first time.

Added about 2 years ago | As appeared first on ben-evans.com | Author: Benedict Evans
One effect of this is that smartphones are both destroying and creating entire other product categories. On one hand, things like point & shoot cameras, voice recorders, clocks and music players and so on are very obviously being subsumed into phones. But on the other, smartphones are enabling new types of products. The smartphone boom is creating a flood of small, cheap, low power and yet very sophisticated components that would not have existed otherwise, or would have been much more ex...
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