The document discusses the rise of smartphone and tablet applications and their impact. It notes that the iPhone launched with 500 apps in 2008 and sparked growth in the app market. Over time, various app stores opened from different companies and the availability of apps increased dramatically across different devices. Apps now range widely in purpose and type, and are used by people of all ages, serving purposes from entertainment to education. Major companies have also recognized the revenue potential of apps and many now have their own apps. The versatility and widespread adoption of apps has transformed various industries.