The global supply of smartphones has outnumbered that of PCs for the first time.

According to the “2015 Mobile Trend Prospects” report published by KT Economic Research Institute, the global supply of smartphones stood at 24.5 percent of the population, surpassing that of the PCs (20 percent) and conquering the 40-year-old market within just four years of its release.

While the supply of smartphones has been rising ― from 5.2 percent in 2012 to 19.8 percent in 2013 ― PCs’ penetration rate has stalled after rising from (7 percent) in 2004 to (20 percent) in 2012.

The report stated that it is expected to see Internet services shift to mobile as the global smartphone supply surpassed that of PCs.