It's quite obvious that these devices are a prototype for some eventual immersive AR glasses. Sure, they are currently bulky and heavy and have poor battery life and block your face. But these companies hope to eventually iterate all of that away.
This is the groundwork. But I don't know if they have a larger vision (pun intended) other than "oh shit, the smartphone industry has been conquered and now sees diminishing returns, we need something else to generate revenue".
That's actually true. You are absolutely right. Computers used to be a size of a bedroom. So yeah, this is not the end game at all.
I would think that the most ultimate end state would be (sci-fi mode ON) some kind of implants, retina projections... It's ridiculous to say this things, but best form factor is to get the value without any form:)
This is the groundwork. But I don't know if they have a larger vision (pun intended) other than "oh shit, the smartphone industry has been conquered and now sees diminishing returns, we need something else to generate revenue".