The document discusses hybrid mobile development as a cost-effective strategy for building cross-platform smartphone apps. Hybrid development uses both native and web technologies to create apps that can run on multiple platforms like Android, iOS, and Windows phones. This allows companies to reuse code and share components between platforms more easily than developing entirely separate native apps. The document provides an example comparing the costs of a hybrid vs native-only mobile development team. It finds that a hybrid approach allows companies to develop for multiple platforms in a more budget-friendly way while still providing a good user experience.