I think they’ve basically given up on this and realized that they’ll never be able to compete with Word/Excel/PowerPoint - and I’m fine with that.
It's not that they can't compete with them.
They just don't really care about a competitor for MS Office. iWork is not bad and covers up slightly more than the basics. And that's enough.
No other company in the world (maybe google also) has the highest chance to disrupt Microsoft's monopoly but Apple just doesn't care. To them Microsoft is a software developer and MS Office is a perfect example for the Mac.
I read that their own finance dept. uses Excel via VM!
it's just not part of their strategy (which is very sad, I'm dying to dump MS). In their vacancies you also see a lot of Tableau requirements...