Not even close. Remember, it’s not just about performance... it’s also about cost and size.
That will probably continue, but most people don’t need, nor necessarily want, computers the size of cell phones. There is a minimal size factor needed as well.
In Israel, there’s a company that prints entire pc computers on essentially a plastic sheet for pennies. You can roll it up and put it into a tube.
That tech will mature and iPhone equivalent tech will become part of clothing, whatever. For basically no cost.