This. to quote my father (who is actually a professional photographer): Pissy lens; pissy photo.
You need chunks of glass at the moment regardless of sensor size. I carry a basic DSLR around with me (D3100) and a decent but cheap lens (AF-S DX 18-55) and a shit smartphone. They cost less than a good smartphone and the results are amazing.
I was under the impression that there are basically not enough photons at the sizes that most smart phones sensors are. Once you get to low light levels a tiny sensor just can't be fed enough photons to give a good picture.
Sure. The more glass you have the more photons you can gather. I have a f1.2 50mm lense and the amount of photons it can pull in is amazing. There is no way any phone is going to be able to replicate this.
Lenses have to be a certain size of the sensors and apertures are a certain size. And those sizes are fixed, for a given image (with a specific depth of field etc). So physics (the optics) is a thing. A breakthrough in optics that removed the need for heavy glass to bend light would be a revolution.