I think there's one way for them to rise and completely dominate the market: have some intel CPU based type phone which can run normal Windows 10 and all Windows applications.

I feel like this is sort of like 10 years ago time... when we were just introduced of the idea of a tablet and no-one serious (besides small Indian startups) was doing it... and then the iPad came and suddenly this tablet thing was everywhere you looked. I wonder who will be the first (big company) to make a serious attempt of a usable phone-PC.

They actually have an x86/x64 emulation layer for ARM well underway, so most likely they'll release such a phone soon, and have it run PC apps via emulation.

The performance should be decent, considering most apps are no longer CPU intensive.

Nah, I disagree... my Windows 10 - 8 inch tablet is pretty terrible for proper applications. I can get by in a pinch, but much prefer a proper laptop. I also don't want to put anything larger than the S8+ in my pockets.