Of course it us, when some 330 million smartphones are sold in Chinacevr5y year, nearly dwarfing the entire US population, and only a fraction of that is sold in America every year.
China dominates the smartphone market both from the number of phones they make and the number of phones sold there and the infrastructure and factories and technologies needed to make them. And the fastest growing markets are in Asia and Africa.
“when some 330 million smartphones are sold in Chinacevr5y year”
Sold to the emerging Chinese middle class who can afford to buy them because Western companies are paying them more than they used to earn farming. Western companies leave and they are back to farming and no smart phones.
“And the fastest growing markets are in Asia and Africa. “
Let me tell you a secret. “Fastest growing markets” is a synonym for “less wealthy markets”.