It's been forever since I heard about a AAA game coming to iPhone... or any game, really.
Well, mobile gaming is bigger than PC and consoles combined, and Apple owns around 1/3 of the mobile gaming market, so...
Of course, all these games are utter garbage, but people like what they do, so companies deliver.
I hear that Apple keeps making money off games on the iPhone, but I never hear about games actually being any good on the platform. Obviously good graphics and good games aren't the same thing, but I don't hear about either on the iPhone.
iPhones has concisely better graphics than Android, since iPhone has better GPUs. The Anandtech article does mention it explicitly. As to good games, I would agree, since I don't find any of the popular mobile games even remotely interesting (but I also don't find console games interesting). Still, apparently enough of games do, given that the gaming on iOS is a multi-billion business.