When he says "... we’re seeing that more and more people are spending more time in the app, and the app is running out of memory ..." what he means here is that memory allocation to the browser on iPad (for example) is too little to handle the volume of user interest.
Mark his words, users ARE interested to see the wild wild web through their browsers, even porn, but it is the vendors of these closed gardens that have made it difficult for everyone. This is certainly not the fault of HTML5/web developers, or lovers of open web, but only of the vendors who have not provided sufficient resources or enough support for web standards on their stack.
We're actually back into 1995, I think, with every other for-profit firm talking about its own "experience" and "standards" these days.
Edit: This discussion is meant specifically for browsers supplied on iPad/Android tablets. Not the desktop browsers which are not only good but also in an extremely competitive space (Thanks to Firefox!).