Can smartphone streaming come close to the local experience?

Microsoft announced its financial results for Q3 of fiscal year 2026, including an update on its gaming Xbox business and more.
Not looking good. Hopefully Asha Sharma is able to turn Phil’s disaster around.
To me it's still quite remarkable how they can cash-in 5.3bn in revenue in a single quarter, since their hardware is basically dead.

Spiders: "We're going to cut straight to the chase so you're not left wondering: After a long period without clear answers, we have received confirmation that Spiders is being liquidated.
What does it mean? This means the company as a whole no longer exists. We'll cease our functions immediately. The planned DLC will release via Nacon, and then-- well, that's it.
We're sorry that it's come to this and would like to thank each and every one of you for your support over the years.
If you have any questions or run into issues with your games, please contact Nacon directly as we'll no longer be able to reply."
Can you take it on the go untethered to a home console or the internet?
Or do we have to change the definition of what portable "is" in the current age of wireless? Since it also applies to things like cell phones, tablets, etc. that use Satellites for certain apps and software to function.
It's a yes and no depending on how you look at it.
I tethered my iPhone 11 pro max to my android tablet and the games were basically unplayable on the android tablet using my cel connection . Now with the android tablet on a 200mbps WiFi It was easily playable, but still not a console quality experience.