Yes, Fairchij, and in addition to the reduced number of chips (aka reduced production costs) the smartphone market will also benefit from the reduced power consumption.

I told the receptionist in the Nathan Hale Inn where the AGM took place, that with POET she would have to charge her smartphone only once a week, and she was absolutely thrilled. She wants to have such a phone! (Or she wanted to say something nice to please her customer, but I doubt it.)