...and it will form around the worst, most manipulative personality types... which also happen to be the worst leaders.
Actually, that's what makes good leaders. Good leaders are able to get a group to do what they want.
and surely they would be taking a cut of the app sales, so no hw only vector there. moreover.. they don't yet have a profit vector for it.
Huh? There are thousands of companies that make money manufacturing and selling things. Why do you assume that their only path to profit is via apps and advertising? Toyota, Vizio, Samsung, Ikea, Asus, etc. seem to be doing pretty well selling things.
The modern factory is turning an episode of the Jetsons, put material in one end and it poops out goods on the other end with minimal human involvement.
And do you consider this to be a good or a bad thing? I can only think that's it's a very good thing, let the machines do the boring work and let the people do what the machines can't. Automation and reducing the effort required to perform some action is always a good thing (short term, I'm not talking about developing a 100% dependence on automation and losing the ability to perform those actions without the machinery (ala Homer declaration upon seeing an iron lung machine, "and here I am like a chump breathing all by myself")).
"It's the best thing since professional golfers on 'ludes." -- Rick Obidiah