I think Apple's plan is not to be the new Netflix, but the new HBO - which is to say focus on high quality exclusive programming.
So far, it's been a bit hit and miss, because Apple seem too cautious in their approach.
Squid Game is the biggest thing happening right now, and there is no way Apple would have ever picked that up in a million years, because I imagine it would be far too violent and edgy for Apple's tastes.
In other words, Apple's problem is putting ideology before creativity. Let amazing creators create, stop trying to limit and filter them.
For instance, it's hard to see Quentin Tarantino ever creating something for Apple.
Ted Lasso is amazing, but if you want edgy content, TV+ ain't for you.
This needs to change if Apple want to get where they want to go.