Frankly, it's awful. Measuring performance apples to apples, React Native is nearly strictly slower than a web application on mobile. As PWAs gain feature parity, I think there will be little to no point to React Native. Because of a lack of JIT capabilities, React Native JS just can't run nearly as fast as React on the web for example. That, coupled with bad architecture. Too much is deferred - you have deferred batching in react, followed by more deferred batching to create native layouts. This results in poor responsiveness. For toy applications you may not notice, but the architecture simply doesn't scale.
> As PWAs gain feature parity, I think there will be little to no point to React Native
I absolutely agree, but it'll take Apple more than a few years to be willing to make iPhones have native app/PWA feature parity.
> Because of a lack of JIT capabilities
There's the new Hermes engine which should speed things up
The main reason React Native will stick around is that it lets React developers more easily transition to native, and there's a ton of React developers.
My point is that React on web is already faster than React Native today (and it feels perfectly natural, in fact, better). The entire point of going to React Native in the first place was ostensibly for responsiveness/performance, and given that it gives neither, I don't see what purpose React developers have to switch (except that it gives the illusion of "speed").