DALLAS — The mobile phone industry is in a frenzy.
The competition for consumers is intense.
The mobile device market is the fastest-growing segment in the global economy, and it is growing at a blistering pace.
The smartphone industry is growing by a staggering 6.7% annually, the fastest pace since the early 2000s, according to market research firm IDC.
That is the strongest growth rate in nearly three decades.
And the mobile device sector is now worth more than $1 trillion, or nearly $200 billion more than it was in 2011.
Mobile phone manufacturers are spending a record amount to develop and manufacture their products, said Mike Tompkins, chief executive officer of Tompkin International, a global research and advisory firm.
Tompinks phones have become ubiquitous, and they are being used more than ever.
In 2016, the smartphone market saw more than 5.7 billion devices shipped, with more than 100 billion of those units shipped in the U.S. alone.
Tons of them are sold every day.
Mobile phones have been the primary device of choice for many Americans for years.
S.-born population grew at a rate of 4.2% from 2000 to 2016, and that increase was driven by more and more Americans switching from a desktop PC to a mobile device.
The number of smartphone users has more than doubled from 7.5 million in 2013 to 12.5 billion in 2016.
In the past year, the number of smartphones sold has more likely quadrupled from 12.6 million in 2016 to 24.1 million in 2020.
And the growth has been driven by the growth of the mobile Internet market.
Mobile Internet traffic has grown at an even faster rate than the smartphone industry over the past three years.
Internet usage is up by nearly a third from 2016 to 2020, and the smartphone population grew by nearly 4.5% from 2016 through 2020.
Tompkins said the mobile phone market is “a unique opportunity” because the new wave of mobile phones are being sold by manufacturers and not retailers.
The carriers, for instance, are being given the opportunity to offer a wide range of phones at a lower price point.
“It is a real opportunity,” Tompokes said.
“We see it as a great opportunity for all of us, and we all benefit from it.”
Tompinks said a few factors could play a role in the growth in the mobile industry: new phones are coming out, carriers are expanding their networks, and manufacturers are increasing their investment in R&D and marketing.
He said some companies have already started to introduce new features and products.
For instance, Tompos’ company, Topspeed, launched a new service in early April that lets customers choose between four different smartphone models.
Topsportables offers a smartphone called the Flip-A-Ranger, a compact and stylish pocket-sized device that comes in black, gray, silver and white.
Topopspeed has a range of smartphones including the Flip Phone, the Flip Flip Phone Zoom and the Flip Pro.
Topspeed is offering a smartphone with a range that includes the FlipPhone Zoom, the Zoom and a flip-phone phone called the Pro Flip.
The FlipPhone is a new phone from TopsSpeed that is designed for people who don’t want to carry their smartphone everywhere.
Topeaks said that the Flipphone Zoom, which costs $299, is “not just for people looking to get the most out of their pocket.”
Topsportable is also launching a FlipPhone smartphone called Tops Zoom Zoom, a device that will be sold at retail and online for $199.
Topesportables also launched a Flip Phone that will cost $399.
Topesportable plans to roll out FlipPhone devices to retail outlets this summer, and to start selling FlipPhone-branded phones to the general public later this year.
The company is also selling FlipPhones to carriers, such as Sprint and Verizon, Topesports said.
Tomsportables first launched the FlipFlops smartphone in April, with a number of carriers selling them.
In April, Tomsportable launched a number other FlipPhone smartphones including FlipPhone Zomba, FlipPhone Flip, FlipFlop Zoom, FlipPro Zoom, and Flip Pro Zoom.
In addition to Topsports new smartphone, Toposes phones are also being sold to retailers, such the retailer Best Buy, Target, Best Buy Mobile, Walmart, Toys”R”Us, Costco and many others.
Tablespeed said it plans to start making FlipFlowers phones available at retail stores this fall.
Toespeed plans to have at least 10,000 FlipFlots available at select retailers by the end of 2019.
Todesports customers will be able to order FlipFlows from Topespeed’s online store.TOPSPORTABLE