Hackers gather bread crumbs. Putting anything financial on a smart phone is dumb -- until the tech is better. But this is not my opinion. Many techies, computer nerds and black hatters say the same thing.
Things might change with the privacy-focused
Librem 5 smartphone, at least if they can get it crowdfunded by late next month.
The librem 5 is happening. Someone will do something similar at least. Just a matter of time. The question will have to be from where was it manufactured and what warehouses it hits in shipping that will determine it's real security.
But if you aren't on an air gapped rasp pi or a trezor or paper wallet for your main stash, you are running a risk of a keylogger/capture on any device. It doesn't matter if it is a phone or not.
IMO if there is one platform that big corporations and the general consumer throw money at for security, it will be the mobile platforms. I believe a lightweight and secure version of monero, capable of running on devices like a phone, refrigerator, or your car could be something useful.
Not sure people think about the weight of a blockchain anymore and how it might work in an iot world. This is why I like aeon.