Final answer:
The fifth wave of computing refers to the era where computers are fast, inexpensive, and ubiquitous in various products.
Step-by-step explanation:
The statement is true. We are currently in the fifth wave of computing. The first wave was characterized by mainframe computers, the second wave brought about personal computers, the third wave introduced the internet and web-based applications, the fourth wave saw the rise of mobile computing, and now we are in the fifth wave where computers are widely accessible and integrated into various products.