Thanks for the hint. I changed
Copy newandroid.img to /home/phablet/anbox-data/
to
Copy newandroid.img to /home/phablet/anbox-data/ on the phone.
That should make it clear.
Thank you @Ingo. I've added it to the code and it works.
As this is the reboot approach I'd still leave the issue open as maybe someone might come up with the preferred refresh solution.