The real point of the article is what happens to the hardware ecosystem once the density scaling stops. Not the exact mechanism by which node advances have been translating to improved performance.
I have a problem with that paragraph: Even if it takes a couple of years and several iterations for a self-taught engineer to reproduce, the resulting product isn't terribly out of date: the iPhone has only undergone a modest increase in clock rate over the past four years, from 1GHz in the iPhone 4 to 1.4GHz in today's iPhone 6. This relative stagnation is endemic, leaving a large window of opportunity for engineers to learn from and emulate the designs of the best.
The iPhone 6 was released with iOS 8, which doesn't support the iPhone 4 anymore. Also the CPU performance of the A8 in the iPhone 6 has 12x the performance of the iPhone 4. If you still want to use current apps, an iPhone 4 is really outdated.
On the other hand for the Novena laptop of the author the same principles might not hold true, but that has more to do with software than hardware, because especially Linux works very well with not so recent hardware. In my experience Android and iOS software became way more processing power hungry than desktop software did over the last 4 years.
This is a commonly used motivation for a lot of modern computer architecture research, here's one such plot: http://liberty.princeton.edu/Projects/AutoPar/