I would also be reluctant to say it does - but mostly because the end of #4 kind of puts the comic in a superstate where it could go very well or very badly depending on how they deal with the tension they’ve established.
Also: Personally I like that it’s gone very off road with the original concept/lore of 47’s origin because I feel that what we expect in our stories has changed a lot since 2001 - however I can also see how people who were more invested in the idea of it as a solid canon will not be impressed.
Some phones were fairly small in 1998 - I got my first mobile in 1998 and it was smaller than any in the ones in the comic.
I mean, it was also a cheap piece of shit that was a nightmare to text on and provided questionable sound quality on calls - but it was small. Just if you wanted them to be able to do the fancy stuff like have colour displays, receive image texts, handle email, etc they had to be bricks…