https://www.apple.com/legal/privacy/data/en/apple-advertisin...
> We create segments, which are groups of people who share similar characteristics, and use these groups for delivering targeted ads.
> We may use information such as the following to assign you to segments:
> ... The music, movies, books, TV shows, and apps you download ...
> ... The topics and categories of the stories you read and the publications you follow, subscribe to, or enable notifications from ...
> ... Your name, address, age, gender, ...
> ... your App Store searches and browsing activity ...
> ... information stored on your device, such as the apps you frequently open ...
There's a lot more, that's just a sample of the data they use. The only thing they promise explicitly either not to have or not to use is:
> No Apple Pay transactions or Health app data is accessible to Apple’s advertising platform, or is used for advertising purposes. Apple does not know or make available to advertisers information about your sexual orientation, religious beliefs, or political affiliations.