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Because most people want big screens?
I mean, it is simple.
I'm guessing it's because most women carry their phone in a bag, so the bigger phone isn't inconvenient and has the advantage of the bigger screen.
And I suppose most men prefer the bigger screen size, and they are convenient enough in the available sizes. I use a 6.7 inch, and it fits fine in a pocket for me.
Also note that although we have way bigger screens on modern phones, the bezels are way smaller, on the first smartphones the screen was only about 50% of the front face. So a 10 year old 4 inch phone can be about as big as a new 6 inch.
Phones are already too small. I use a fold because it's the only way I can get a decent sized phone now!
I just want Star Wars style comlink. Wearable on my belt or neck, with a strap in case of dropping it.
Will have to be a bit bigger, to have enough keys. And some display, preferably monochrome text-only.
But in general it should be a device not emitting horrible blue light all the time.
About form - I think something round with keys on the sides is still a good idea.
I mean, we are the customers, we choose, personally I went with the iphone 15 pro, because the max is just ridiculous even though I am close to 2 meters tall and have big hands.
If people bought the smaller versions when they are available I am sure phone makers would react
Probably for similar reasons we can't go back to small cars: People are getting older and can't handle them.
ETA: Old people need giant text so they can read things. Big screens show more big text. They also don't want to drop down into a small car, so they buy SUVs and trucks. So they make SUVs and trucks and great big screens for the old people who are most of the population.
Source: I am an old person. Except I drive a small car because it's fun
There are small phones. There's more small phones than big phones. And I have big thumbs so stop whinging about the minority.
Edit: Omg I just lost to clickbait. FUCK.