Cook (has) steered Apple more into subscription territory at the expense of devices.
Devices have reached saturation. All the Tier One OEMs (Apple, Samsung, Google, etc.) have seen their device sales contract from historical highs. Subscriptions is where the money is and every company that can do them is doing them because that is where they can generate stable long-term revenue from their existing customer base because there are no new customers to draw from.
Brilliant? Not a chance. Those were iterative, and neither amounts to more than a rounding error on Apple's balance sheet.
Well if you mean by "iterative", the Apple Watch and Air Pods made an existing product category actually usable and desirable, well then every single product Apple has made starting with the Apple II has been "iterative" so Jobs and Ive were not "product guys" either and this entire thread is pointless and should be closed.