Yes. I'll say it however many times you need to hear it, nobody is looking at Apple's captive gatcha economy and saying it's a bonafide "gaming" market with a straight face. These "gamers" only ever get to play commercial failures that get ported to iOS as a contingency measure. RE8, Cyberpunk 2077, Death Stranding... if this was a console lineup it would be sadder than the Xbox. Oh, and the lootbox & microtransaction games that obviously account for the lion's share of Apple's game revenue. But we don't have to mention the ugly bits.
Instead, serious economists turn to markets that are representative of Apple's ability to compete, for example, the macOS App Store. When Apple has to compete, how much market cap are they actually earning from the App Store? We have the numbers, you just know they aren't flattering.
"- Mobile games generated $81 billion revenue in 2023 across both platforms
- iOS was responsible for $47.7 billion of that revenue, Google Play generated $33.3 billion
- Mobile was responsible for 49% of total game revenues, close to PC and console totals combined"
https://www.businessofapps.com/data/mobile-games-revenue/
Laugh at will, we don't want sad people.