This kind of thinking is ALSO longing for an Apple Inc that was a fraction of its size today. Ask those holding a lot of AAPL stock if they would like revenue & profit to fall back to the days of a much smaller number of products... and thus have their shares fall back to share prices that reflect a much smaller Apple.
Do a search for the list of companies with TRILLION dollar valuations and then look at the product mix they sell to be on that list. Amazon? Microsoft? Etc. The closest one to Apple in terms of relatively small number of products is Saudi Aramco... a gigantosaurus, "Big Oil" company.
Here's their core product mix.
A lot of us armchair CEOs/Marketers seem to have this idea that "simplifying the product mix" down to even single choices can somehow bring in even more revenue: 199X-200X Apple product mix but 202X Apple revenue & profit records.
Apple revenue has long-since outgrown those days. They don't make several variations of each core product because everyone wants to buy only one of them. To segments of buyers for each variation, each is the ideal one for them.
Apple cut a VERY POPULAR Mac from the lineup this year- iMac 27". Apple cut a very popular (original) HomePod when sales did not grow as they expected. They cut the dogs or those that don't yield enough towards "another record quarter of revenue/profit" contributions. They are certainly NOT just making stuff to make it... or to make "us" pay up for the higher-priced alternative by also offering weaker variations that "no one wants to buy."
If anything, Apple needs to roll out some
MORE products, as the existing players are unlikely to keep carrying the "another record quarter" weight on iterative changes. Thus, we have rumors of Goggles and Car, etc. Cutting back to ONE iPhone model and ONE iPad model would yield a much
louder wail calling for more consumer CHOICE... more variations that have what "I" want... "like they used to have back in 2022."... "I want a little <bigger/smaller> <iPhone/iPad/Mac>"... etc.
Is there any room for some simplification? Probably. 5 distinct iPad "silos" does look like 1 too many to me too. But I'm confident Apple is NOT offering 5 because no one buys 1+ of them. Each must be sufficiently profitable to offer 5, else 1+ would be cut... just like iMac 27" and HomePod.
If anyone knows better, go pitch a lucrative consulting gig with Apple and fix their terrible problem. Be sure to take a LONG ladder to climb over the mounds of cash piled up around the donut so you can actually get to the decision-makers to wake them up to the
right way to run the company.