There are probably a billion Apple devices out there [0]. Each of those devices has at least a couple hundred unique images on it [1].
If you're correct, and the chance of a hash collision is 0.0001% then for each hash in the database, that's 200,000 collisions.
Assuming the database has 1,000 hashes [2] and there's no overlap in collisions for any given person, that 200 million peoples' lives ruined.
[0] rough guess based on: https://www.statista.com/statistics/276306/global-apple-ipho... the exact number might be off but I think the order of magnitude is about right.
[1] My gf has taken at least 3 photos every day for the last 5 years at least (so well over 5000 unique photos) - 200 is very conservative.
[2] Again, very conservative. This is a collection of all known child porn images. I wouldn't be surprised if the number is actually two orders of magnitude higher.
[edit] replied to the wrong comment. Bugger. Hopefully contributed to the conversation anyway.