I've been thinking about this for a while.
I saw a video of Apple showing how with their new iPhones you can alter the blurring of the background.
In that clip there is a slider where the numbers go between "f1.4" and "f16"
Firstly I hope that the slider is neutral at f2.4, because that is the aperture that you took the picture.
Now - all the other number must be fake.
I haven't done any calculations but the software effect you see cannot be f1.4. If i had a 50mm camera mounted onto a body with a full frame sensor, that is about the blurring you'd see at the comparative distance ratio of subject to background. With a 1/3" sensor, the f stop must be what 0.6?
The other side of the number slider. f16. So they are doing some fancy CSI sharpening of things that are out of focus or how does that slider work .... unless they already take pictures at every aperture on the slider which I doubt ...
Soon everyone will never understand photography.