Sure, but every PCB in it is still bigger than a phone. I mean, this isn't some weird hypothetical situation, like we're comparing phones to mysterious cardboard boxes or something. I'm just talking about the actual e-waste that people throw away every year, and wondering how it's changed in the phone era.
I looked into a bit. Seems like no, the overall quantity (by weight) is increasing every year. There is a tiny decrease in big CRT screens, but it's offset by the steady increases in electronics of all sorts in developing countries. Phones and other small devices do make up a smaller portion of the overall weight, but overall it's still going up year after year.
https://ewastemonitor.info/gem-2020/ has a lot of good info.