Nokia's demise serves as a reminder that staying ahead of the development curve is critical in an industry at the forefront of technological innovation. 

A diminished Nokia was once unthinkable, but the company was left behind due to a failure to keep up with those who were innovating and changing the face of the smartphone market.

Apple's iPhone 12 is the most popular phone in the world, but data on which phone is the most actively used at the moment is unavailable. 


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Apple's iPhone 12/12mini, on the other hand, sold more than 38 million units in 2020, while Samsung's Galaxy S20/S20+/Ultra sold more than 28 million units.


Is the smartphone market expanding?

Yes, the smartphone market is expanding. According to a recent forecast, the global smartphone market will grow at a rate of 9.5 percent per year through 2027, reaching a market capitalization of $759.3 billion.


CONCLUSION

People all over the world are becoming increasingly reliant on smartphones in the age of modern technology. 

With the global smartphone industry generating $409.1 billion per year, it's no surprise that roughly 85 percent of Americans use smartphones on a daily basis.