Story perspectives

Smartphones Face Obsolescence as Wearables Rise, Predicts Investor

12/31/2025

Summary

Story summary

Jon Callaghan, True Ventures co-founder, predicts smartphones will be used differently in five years and may be obsolete in ten.
He notes smartphone market is saturated and growth shifts toward wearables like smart rings.
True Ventures invested in Fitbit and Peloton by prioritizing enabling new behaviors over gadgets.
Their Sandbar project, a voice-activated ring to capture thoughts, reflects this philosophy.
Callaghan says opportunities lie in application layers, not just infrastructure.

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Story summary

Jon Callaghan, True Ventures co-founder, predicts smartphones will be used differently in five years and may be obsolete in ten.
He notes smartphone market is saturated and growth shifts toward wearables like smart rings.
True Ventures invested in Fitbit and Peloton by prioritizing enabling new behaviors over gadgets.
Their Sandbar project, a voice-activated ring to capture thoughts, reflects this philosophy.
Callaghan says opportunities lie in application layers, not just infrastructure.