A thoughtful post from Benedict Evans at Andreessen Horowitz explaining how we are moving into a mobile native world. Companies can free themselves from building applications that can run on PC's or feature phones. This allows them to make better, more engaging apps that fully utilise all the functionality available on smartphones.

We are starting to see mobile native as a driver of M&A across a number of deals. For example, in the gaming space Activision Blizzard spent $5.9bn on mobile gaming powerhouse, King. Clearly the large customer base was key but so was acquiring mobile native capability. 

We expect to see mobile native become an increasingly important factor in M&A over the next two years.