It's a compelling argument but I find that difficult to believe given the timespan. Siri launched in 2011.
The FLOP/s per dollar rates for GPUs involved in ML doubled every 2 years across this peripd [0]. Meaning in the past 12 years, you're talking about 64x GPU performance per dollar spent. Combine that with 36% general inflation + some increased spending on mobile computing, plus a decade of time on making algorithms for a big consumer product more efficient, and you get to wildly more favourable economics, as in, two orders of magnitude more favourable than when Siri launched in 2011.
I'm not surprised this could well be happening for ChatGPT (would be cool to see the first public audit standards of AI products emerge, to test this hypothesis). But I don't think it holds true for the 12y period for Siri and co.