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>Apple's business model works because the software makes up where the hardware lacks

Could you clarify? I thought hardware was where Apple had the largest lead over it's competitors.

Apple devices have almost always been laughably overpriced for the hardware specs. Android phones are normally more powerful with longer lasting batteries and better cameras. Windows computers are cheaper with more performance and are highly customizable. What Apple has is a great UI and near-seamless interoperability between all their devices. The hardware isn't (historically) incredible, it's the experience and environment that are great.

I would agree with that for their computers to a degree, but I was under the impression that their mobile processors are known for how far ahead of the competition they are.

Hardware is more than just processor though. They have had less storage, less memory, and worse cameras for many generations. I'd have to do some research into mobile processors specifically, but this is just broad statements. I'm not saying anything about the state of Apple today, but over the past 15+ years. In general, Apple hardware has been worse than their competitors despite costing more.

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