What would happen if my electronic device caught fire during a flight?

Aviation professionals say that a fire on board is one of the most dangerous emergencies that can occur during a flight. While I don't have any expertise in this area, I concur that being burned alive is something I'd prefer not to experience. Recently, a passenger's bag with a power bank and e-cigarettes ignited during boarding, forcing an emergency evacuation. This made me wonder: what would happen if my phone or laptop caught fire while the aircraft was airborne?