You'd have to hire a bunch of people with domain knowledge, but you are better off than starting from scratch.
If I am hiring engineers for aerospace, I'd rather bring someone in from medical devices than no regulatory experience, all else equal. Same in the other direction. Principle extends reasonably.
I guess there are lots of reasons I'd think it would be a big jump for apple, but "they won't get their head around the regulatory requirements" isn't really one of them.
There are many many engineering and manufacturing companies who specialize in being suppliers for regulated industries. Like machine shops that specialize in aerospace, medical and automotive parts. Electronics manufacturers that do the same. At that level its more about process control and running a smooth operation and not the specifics of the application.
That's like saying English is a transferable skill. Domain knowledge is what counts here. It's the same reason medical device makers don't try their luck in the automotive market and vice-versa.