I wouldn't be surprised if the majority of people everywhere primarily consume media from their smartphones, whether it be Youtube, Netflix, gaming, etc.

None of my friends who don't work in tech own a personal laptop let alone a desktop with a big screen. Few of them even own tablets.

To them, a $2000 folding smartphone is a practical device that will be put to maximum use daily. A $2000 personal laptop is the luxury product they find no practical daily use for - laptops are for work, and only work.