The blog post mentions "8 bits per color channel is not enough", but as far as I can tell everyone using Display P3 for consumer-grade photos (including the iPhone) is still using 8 bits per color, just over the wider gamut.
It seems weird that this hasn't become a thing with the big marketing push behind HDR10 and others for TV. You might think "backwards compatibility", but Apple was fine making the HEIF break and converting when sharing with incompatible devices.