This "AR" that you're describing doesn't exist though. Current AR-equipped devices don't have anywhere near the FOV or contrast you can find in a basic HMD.

Also, your second analogy is paradoxical. If AR is capable of doing "everything [the] Oculus Quest can do", why does VR even exist today?

I understand the concept of AR, I just want to talk to someone actually involved in the hardware space about what they're doing to move the market forwards.