Here’s a story from 2016 that I think is relevant. New technology doesn’t inherently mean the old technology disappears. Things get repositioned.

https://www.bloomberg.com/news/articles/2013-03-11/what-the-steamship-and-the-landline-can-tell-us-about-the-decline-of-the-private-car?utm_source=website&utm_medium=share&utm_campaign=mobile_web_share