It looks like Apple's advertising targeting isn't using the same info that they're trying to withhold from third parties though. I actually have it off on my device so I can't see what the "View Ad Targeting Information" says (if I turn it back on, it says I have to wait 24 hours before it has the info to show me), but from the description it does show, it sounds like the ad target uses "account information and interactions with Apple services" for serving ads. Which is to say, this is information Apple
already has, and all you're saying is "please don't use that info for serving ads". It does not sound like it reduces the information Apple has (which makes sense, any PII not necessary for running Apple's services is not sent to Apple except after undergoing differential privacy).
Compare this with third-party advertising, where the use of IDFA does explicitly hand information to third parties that they otherwise wouldn't have. For example, the Facebook SDK is integrated into a bazillion different apps, so Facebook can track a single user across all of these different apps even if the user doesn't use Facebook login (or if they use Facebook login for a single one of these apps, Facebook can then associate the usage of all the other apps with that same login too).
The two are not remotely equivalent.