First off, it was Turbo Pascal until version 4. Then it was Borland Pascal. BP 5.5 and 7.0 were incredibly easy to develop applications with. The beta diskettes that Delphi came out on were labeled "AppBuilder". And Delphi is still around, still being used. I know this because my primary development languages are Object Pascal, Java, Javascript, and C#. In fact, I picked up TP 3.01b in college and I've been using Pascal and Object Pascal ever since. I still have install disks for every version... in a box somewhere...
You can now develop for Windows, iOS, Android, and Linux using the same code base. It's amazing what it can accomplish right out of the box. While the world may have moved on and other languages are more popular thanks to Embarcadero's high price for the high end version of Delphi and it's dwindling development community, it's still an incredible development tool, and I say that as a contract programmer who, again, also develops in other languages.
So I find it funny that you refer to it as a coding dinosaur. I can develop applications from beginning to end quicker in that IDE than any other I've used. The language wasn't the reason Delphi didn't squash Microsoft's offerings. It's because Microsoft hired away all of Borland's senior developers, and after that Borland couldn't seem to find its footing, either in advancing its IDE or in its marketing.
Having said that, would I recommend Delphi to a company that was just starting up? No. Like I said, It's expensive and it's difficult to find developers with actual experience. But I know a number of large companies that are Delphi shops and cling loyally to the Delphi line of tools.
It's not dead yet.