Earlier quoted context omitted.
I think you get it now though. I've seen this whole industry up close for the last 40 years or so and it's absolutely incredible how we went from a machine with 32 M of RAM and 300 M of storage sufficient to serve 1400 branch offices of a bank to a phone with a very large multiple of that, that can barely serve a single user.
That phone does a lot more than the bank mainframe used to do.
So many background tasks, much computation