Improves with age?
Apple is well known for getting a lot of oomph out of their iDevice CPU's. They seem to be able to get stuff done using less cores than Android devices so it is not beyond the possibility (IMHO) that future iDevices will use an optimised core for AR plus their own GPU which may well also be optimised for AR operations.
They may well be seen to have (Despite being late to market) gone about this the right way.
Apple as ever do things according to their timetable and not the markets. Sometimes this does not pan out and they quite rightly get a slagging off in the press and internet. Others, set new benchmarks that the competition have to reach just to stay in the game.
IMHO, going to AR and not VR is the right way forward at the moment.
In the past, Occulus have been critical of Apple's GPU's (rightly so). I've not seen their reaction to this move yet.
Interesting times ahead even though VR/AR are not really my sort of thing they will have implications outside of those fields.