Maybe. That implies that hardware evolution strictly benefits Bar and not Foo. But what has happened so far is that hardware advancements to accelerate NewThing also accelerate OldThing.
I think hardware evolution has to benefit Bar and Foo for production continuity anyways, OldThing still has to be supported until it becomes largely obsolete to both industry and consumer. In which case fringe users have to hold on to old hardware to keep processes going.