"The only risks" lol. Tim Cook thought those were the only risks to the App Store too, now look where he is. You lack imagination.

What if [Japan|EU|US DOJ|South Korea] passes a law preventing OEMs from claiming user data as their property? If Apple really tries to go down the road of squeezing pre-juiced lemons like this, I think they're going to be called out for stifling competition and real innovation.

Go further - what if those entities pass laws preventing Meta, or Google from claiming user data as their property? Or even the AI companies that are siphoning content from the web.

True, I should have framed it wider: "If any of those anti-competitive shenanigans are identified as what they are"