"These kinds of devices have reached the point where they have just joined refrigerators, washing machines, and microwaves."

This is "fine" and "okay" as long as Silicon Valley is not one's "career".

"What we're seeing right now is not innovation, we're seeing people struggle to contend with the reality that it's over. They're coping with the fact that the innovation phase for computing devices has finished. They're grasping for continued relevance."

The people struggling are ones who made Silicon Valley their "career".

They still have too much cash, no real career, all they ever did was play with computers (to the exclusion of anything else), and so they are going to make noise on their way out. Maybe that's "fine" and "okay", too.