You are 100% right on the money (pun intended). There are two types of CEOs and each have a finite lifespan within a company for it to be successful. You have the disrupted and the maintainers. Typically, CEOs do what they are good at first then attempt to do the second... only to fail and be replaced by the other and they do the visa versa. Jobs was a disruptor but not a maintainer... though his passing didn't allow for the eventual truth, he would have had to move to maintainer as perpetual disruption is not sustainable as far as I am concerned. Tim Apple is a maintainer who is NOT trying to be a disruptor. The moment he tries to disrupt, he will be gone....
Knowing that, Tim Apple is eyeing the asset Apple has... the ecosystem (and its entanglement). He KNOWS (and our wallets and their market value prove it) that the masses are willing to wait or be underwhelmed . So, like any smart maintainer would, they identify entanglements and entrench them. Apple TV+, Apple Arcade... once you're in, the assumption is that your tolerance for hardware and technology shortcomings will outweigh the fact that everything is so tied into the Apple ecosystem.
Apple's product? That it is easier to NOT switch despite all the cool stuff not being Apple. Good Luck keeping that going... but it sure does look good to Wall Street.