People are spending an average of 4.8 hours a day on their mobile phones, according to app monitoring company App Annie.
According to a recent App Annie report, consumers are not only moving their attention to mobile but also their money, with over $320,000 flowing to the app stores every minute of 2021, a jump of nearly 20% from the previous year.
There are over 435,000 app downloads per minute.
Advertisers are noticing the shift and are putting more money into mobile. As a result, mobile ad spend is set to reach $350 billion in 2022, far higher than the $295 billion in 2021, according to the report.