Yeah, that was insanely dumb thoughts about where the console market was going.
While traditional mobile games are still as predatory as ever, when it comes to console quality games, it's much more low requirement games or just older games. You're never going to see a Red Dead Redemption II on mobile. At least not this decade. And not everyone wants to deal with the hassle of getting a PC, plugging everything in, troubleshooting, etc. There's always going to be a market for gamers that just want to sit back on their couch and use a plug-n-play solution for high quality games.
The only thing mobile gaming has going for it in terms of high quality games, is cloud streaming.