Yeah, most microwaves boil down to a big capacitor, a big transformer, a big mangnetron, and a dead-simple power supply for fire safety/fan control/etc. The ones with dials and no display might not have any control electronics to speak of.
The transformers are popular for DIY projects like spot welders or HV supplies.
Honestly? A lot of it has to do with the fact that they booked TSMC's entire 5nm production capability for some time.
So they are working on a smaller process node than their competitors, and they used their market position to ensure that they will be the only ones using it for a little while. That gives them a significant leg up.
The web is still the frontier, we're just interacting with it in new ways.
Those VR meeting apps still need to connect to other computers, and if you get serious about machine learning the cloud is invaluable. Phone apps are also usually less local-friendly than desktop apps.
Just because kids aren't using email or websites as much doesn't mean that they aren't using the internet more.
Although personally, I wouldn't cry if the internet matured into a sort of academic database. Mass-scale social connectivity should probably move to local intranets, like airdrop and local-area IM platforms.
The transformers are popular for DIY projects like spot welders or HV supplies.