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Yeah, the days of upgradable portables are (mostly) over.

And realistically - we aren't in the 1990s-early 2000s any more.

RAM requirements for most people are not doubling every 3 years now and people have far better internet connectivity.

Higher end workload will be offloaded to the cloud or for those who need it, a more powerful, more expensive machine. Fact is, for most of the population, this is enough.

Neo, base model iPad, even base iPhone is plenty of compute for a huge percentage of the market who just want a machine for banking, browsing, social media and communication. Some people need more and that's fine - but there's a huge segment of the population who don't want much more than the above.
Exactly. Generally, if a task takes half a second, it doesn’t matter much if it’s 0.4 or 0.6. If a task takes half an hour, it matters a whole lot if it’s 25 or 35 minutes. Most people’s work involves lots of half a second tasks, not half an hour task. That’s why the feeling of working with the computer becomes increasingly more valuable than pure speed. Which benefits Apple.
 
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