Normally I'd agree with you, but I think Steve Jobs has a long history of not giving a shit about what shareholders say because he was more concerned with delivering the perfect product to customers, so I'd like to think that Tim Cook has also carried this torch too.
Yes they are a for-profit company, I still get that... But everyone has been shouting "Just wait, Apple will become just like Google once they realize how juicy that data is to their bottom line!!" for literally decades, yet... Nothing.
You'd like to think that. I would too. But even if it's true, Tim Cook will not be there forever either. Publicly traded companies are owned by shareholders who can and will do what they want. The last half century of business is littered with the corpses of once vaunted corporate bodies stripped by investors.
Many moons ago I worked for a large online gambling provider. They worked tirelessly to make their company trustworthy, make their games entertaining, and build relationships with their high rollers. Internally, they had strategies to squeeze as much money from every user as possible without causing distress. It was quite eye opening and I can't help but draw parallels between them and Apple.
I personally feel some sort of regulatory framework around data collection and sales is not too much to ask.