That is a sensible first hypothesis, but it rests on many assumptions, in particular that the market doesn't have any prisoner-dilemma/tragedy of the commons aspects to it.

It is quite conceivable, for example, that every single journalist is better off if they make click-bait listicles instead of investigative journalism, but the profession as a whole suffers.

Seems like an argument against making any kind of change to any industry.

You're not wrong; it's not like industry constantly lobbies against regulation because they'd be _more profitable_.

Maybe it's called for and in the consumer's best interest, but let's not pretend Apple is doing this for industry's bottom line.