It’s amazing how Apple anticipated this to pivot to services which now account for a ~20% of their business:
https://techcrunch.com/2019/04/30/services-really-are-becomi...
https://techcrunch.com/2019/04/30/services-really-are-becomi...
Everyone knew this was coming. It happened to TVs, it happened to desktops, it happened to laptops, and it's happening to phones.
Apple's biggest competitors are either playing a different game (the Chinese companies get to serve a completely different domestic market, and their international plays are at the very least part of a national soft power strategy), or already diversified (Samsung).