Assuming the rate of progress on AI stays the same:
1/ No, you don't get Opus 4.6 level on devices with 12Gb of RAM, 7B quantised models just don't get that good. Still quite good mind you, and I believe that the biggest advance to come from mobile AI would be apps providing tools and the device providing a discovery service (see Android's AppFunctions, if it was ever documented well): output quality doesn't matter on device, really efficient and good tool calling is a game changer.
2/ Opus 4.6 is now Opus 4.6+5years and has new capabilities that make people want to keep sending everything to someone else's cloud server instead of burning their battery life
I think the claim is that in 5 years an iPhone will have enough ultra-fast RAM to run 300B-1T models on-device.