In 10 years time, the average smartphone will be more powerful than the top-of-the-line desktop/laptop of today:
A regular ARM-powered smartphone, such as an iPhone 4S, is some 12-13 orders of magnitude more powerful as a computing device than a late 1970s-vintage Cray 1 supercomputer, but consumes milliwatts of power for computing (rather than radio) operations, rather than the 115 kilowatts of the Cray.
If we assume another two decades before Moore's Law breaks down, then by 2022 we can expect our smartphones (or equivalents) to be as powerful as today's leading edge desktop workstations; and by 2032, to be capable of delivering peta-FLOPS of performance per processor core, with multiple cores as standard, terabytes of RAM, and multiple terabytes of non-volatile storage.
