I don't see how Apple is that much at risk here.

They continue building a distributed data-acquisition and edge data-processing network with their iPhone sales, where the customer keeps paying for both hardware and traffic.

They constantly take measures to ensure that the data their customers generate is only available to Apple and is not siphoned away by the users themselves.

The moment they finish the orchestration of this distributed worldwide iOS AI-cluster, they will suddenly have both the data and the processing at comparatively low operational cost.

The biggest risk? A paradigm-shift where the Smartphone is no longer the main device (smart glasses being a major risk here), and some other player takes the lead here.