Earlier quoted context omitted.
I think your last sentence is perhaps the most important - timing the "Toys to Big Thing" transition is really hard and leaves a lot of dead companies in its wake. For example, at some point in the future, VR and AR will probably be in this category, but who knows how long it will actually take (basically-modern VR has been around since the 80s!) or what will cause the shift. Meanwhile, VR has left a decades-long tra…
Augmented reality is a great example. Everyone knows that it will become a "Big Thing" in the future. Like why would smartphones be the final form factor of personal computing? Of course there will be something that will dethrone it. But despite every big company throwing a couple billions at the problem for the last few years (Facebook's $2 billion acquisition of oculus, Google's $500 million investment into Magic L…
Alternatively taking a long view, how many times do you think the dominant form factor of personal computers (in the general sense, including smart phones) will change? Another 3 times, another 5? Every 20 years forever?
The only exception I can think of is a direct neural link, but that’s generations away and even then I’m not entirely convinced. Maybe in the very long term.