They make 20bn a year by doing nothing and letting Google be default search. they can make just as much by letting google or Microsoft pay for AI to be on iPhone.
That is how it is for search (Google pays Apple to be default search on Safari) but do we know for sure it will also be true for AI? For example, does Google pay Samsung to put Gemini features on Galaxy S24 phones or is it the other way around, or neither (Samsung gets it for free - doesn't pay but isn't paid either)? What will it be in the future?