Probably not. That would be much better legal footing, but still has problems.

The iOS copy isn't running on the actual iPhone, which is a massive violation of the iOS ToS which says that iOS can only run on an Apple-branded device.

There is also legal precedent upholding this in Apple vs Psystar (2007), in which a company claimed "fair use" when selling their own "hackintoshes" and a UEFI product which made building "hackintoshes" easier.

How did Psystar do? They lost. Terribly. And they had a surprisingly robust legal team, making it all the way to the point to appealing to the Supreme Court (the SCOTUS denied the request).

What WOULD WORK is buy 5000 iPhones and doing passthrough. In this setup, you have 5000 iPhones, all running iOS, and the screen is recorded with touch-inputs replicated on the real iPhone. Even if they were jailbroken, the odds of Apple winning would be way, way lower than this case.

Or, well, enter a legal contract with Apple.

I don't know if the Aereo decision would come into play here -- they were declared in default, even though each user would "rent" their own unique antenna.

There's also a bunch of details to that case that may make that decision irrelevant here.

They could reappear in a country that gives no credence.