I'm sure the rack in picture [1] is decent for today's standards but I couldn't help but think "wow, that rack looks, big, heavy and costly!".
I was thinking about availability, performance, redundancy, security, etc. Do you think it would be possible to host the entire Stack Overflow site in my "2070 mobile phone" and serve with it millions of visitors as performant and secure as the current SO does?
[0]: https://nickcraver.com/blog/2016/02/17/stack-overflow-the-architecture-2016-edition/
[1]: https://nickcraver.com/blog/content/SO-Architecture/SO-Architecture-RackB-Bottom.webp
I think that by 2070, all the processing should fit comfortably on one chip, and all the data should fit in RAM next to it. And it's likely that by then, we'll also have Tb ethernet connections, that can withstand that kind of load.
So I would feel pretty confident that yes, in 50 years, this could fit in your pocket.
If you like exploring these kinds of ideas you might enjoy https://youtu.be/8pTEmbeENF4