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.
Ariel Ben Solomon is the Growth and Strategy manager at Ecomhunt. He is the host of the Ecomhunt Podcast. Can be followed on Twitter at @ArielBenSolomon
