That's 4 mm x 4 mm (more with passives, but not too bad), and hits a solid 95% efficiency at the normal load of an iphone, and is above 90% all peak loads. Heat dissipation will be fine, all parts cost about $1.20. Low EMI.
However, its still a dozen new components. It's a ~10% tradeoff somewhere and while that may be totally worth it, its not simple. Phones do not have square millimeters to spare.
Actually, they do, when you're replacing the battery with one with 3 times the energy density. Use some of the saved space for your DC-DC converter.
Also, its not even at the stage of a hypothetical question yet. This battery would last about two weeks in an iphone under these load conditions. The only reason it "looks" possible is if you're considering a battery that is not this one.
We use resistors as inductors. Plenty of wound resistors in teeny-tiny packages exist, that's how we have metal detectors with credit card-sized boards, the literal bulk of the unit is the frame and coil assembly and board housing + adjustment controls.
Older gas charge pumps can handle it, but they're bulky and they are lossy and generate a lot of heat.
Please, it's as simple as a three-component boost converter - one IC and two resistors. Same thing I use to bump 1.2V up to 3.6Vto run LEDs. It takes zero space (7x7mm total.)