There's probably billions of guitars and cameras around the world just gathering dust. (With some particular exceptions) the gear doesn't make the artist.
I'm sure you're right, but I don't think the quality of the device matters, I think it's the intent. An iPad is a generalist device, it's a portal to the world. A guitar is an instrument, it makes music and little else.
As someone proficient with both guitar and digital music production, I find that I make better music with physical instruments. I spend most of my time making digital music watching YouTube videos about production tricks... I'm sure some people have more willpower than I who can focus their energy productively, but I don't think that's most people's natural state.
I guess what I'm saying is that in retrospect, if I could give a guitar or an iPad to my 12 year old self, I'd choose the guitar again, no contest.