Rather like when folk would camp out overnight for the launch day of the new Call of Duty game.
Back then phones and gaming were coming on leaps and bounds with major improvements year on year. They have both now reached their potential. Whilst games can improve on graphics I cant see how else they can improve on the scale they did over the last 20yrs. Same with phones, back in the 2000's it felt like there was a race to produce the smallest phone, they where so small they had to make flip phones. Then when phones became capable of playing video their screens needed to get bigger. So we got bigger screens but thinner phones, and thinner bezels.
We now have what we have, and like gaming I can't see how phones will improve on the scale they once did.
They can, it’s just that companies don’t want to give us drastic changes year after year because everything’s about maximizing profit now. Innovation takes a backseat to everything else once they learned they can trickle stuff out once a year and people will still buy their crap.