The smartphone boom is just getting started.
The smartphone market is projected to hit $1.1 trillion in the next 12 months, up from $919.4 billion in the same time frame last year, according to research firm IDC.
The market has already surpassed the combined gross domestic product of India, China, and Brazil.
“This is the best year to be a smartphone buyer in history,” said John Taylor, president of the Mobile Device & Consumer Technology Association, in a statement.
“The trend is not slowing down.
There’s more demand for phones in the U.S., China, India, and even Africa.”
The demand for smartphones, the study notes, has been on a steady rise since 2011.
This year, the smartphone market will hit a record $1 trillion.
While the number of phones in use is still tiny, the number will grow faster than the market.
The iPhone has surpassed 1 billion sold globally.
The Samsung Galaxy S7 and Galaxy S8 will also have significant sales.
The smartphone boom was fueled by the popularity of the Apple iPhone, the company’s latest flagship.
The S7 was released last month, and the S8 is scheduled to be released next month.
The device is already available in stores and online, and it’s set to sell around 30 million units this year.
The iPhone 7s and 7s Plus, both of which launched in September, are expected to sell between 3 million and 4 million units.
While they are the most popular smartphones, they were also the most expensive, costing more than $1,500.
While many companies have tried to find cheaper alternatives, Apple has been the only company to keep prices low for years.
The company is currently facing an uphill battle in the smartphone world.
Many of the devices in use are made of plastic, which is not nearly as durable as metal.
Some of the newest smartphones also lack the fingerprint sensor that Apple provides.
The company has even tried to build a phone with an eye-tracking camera, but it has yet to make it to market.
Apple recently added a new iPhone model to the line, the iPhone 7.
However, that model is limited to those who purchase at least one model.
Samsung and Huawei, two of the companies most prolific smartphone makers, are also working on their own phones.
The new Samsung Galaxy X3 is rumored to launch sometime this year, and there is speculation that Apple could introduce an iPhone 6s or even a 6s Plus.