Apple continues to make extremely long term highly strategic investments. You don't get to develop a highly original, industry leading SOC architecture without long term investment in technology. Bankrolling new process node development and thereby locking in capacity in strategic contracts doesn't happen by accident or on a whim. Development and implementation of the Apple watch happened entirely in the post-Jobs era.
So I just don't see it, they continue to commit to heavy long term investment in capital intensive technology projects and innovative new products. Not everything works out. The touch bar and butterfly keyboards were notable misses. But then that's always been true. I look at the phones, desktops, laptops, watch, Airpods, iPads, etc. They're the most Apple-y products Apple has ever produced, and not a single one of them is a me-to product slapped together to ride a trend.