Because small phones have a small viewing area, which is a pain in the ass to see, especially as you get older. Which is why I prefer foldables. The more screen real-estate I can fit in my pocket, the better.
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I believe I saw where you hear that people want small phones, they make them, and then they sell poorly. So, to the company at least, it doesn’t look like people want the smaller devices.
Now, I saw some comments in here about the smaller devices usually being less robust than their normal/pro counterparts, and that could also be a major reason small phones don’t sell.
power usage of screens scales as O(n^2), but battery scales as O(n^3), meaning bigger phones will have better battery life
I don’t see why we don’t already have an iPod size device. I just need something for music and if a phone call happens to come in - great! It was so simple then.
Making a small phone is harder than making a big phone.
Bigger screens mean bigger and more obtrusive ads.
I'm convinced this is 90% of the reason right here.
I bought a pixel fold because the screen on the front is small and it opens in a wide format when I need to look at tables