Google's Android-phones constituted 79% of all smartphones shipped last year, compared to Apples' iPhones only making up 15%. Nevertheless, Apple has a de facto monopoly on the market, taking 87% of all smartphone profits last year. Apple might see its sales begin to suffer, however, as it has nearly sold out its high-end market and it has seen sales decline.

It will be interesting to see how the future will play out in the phone industry. Part of me wants to believe that it will closely follow the path that was previously laid out by the Personal Computer industry. Where instead of buying the newest and shiniest product you improve your phone through small hardware upgrades or have customization phones through an HP like company that puts it all together for you.

Exciting times are ahead.