That's true and it'll likely prove to be a good business decision although not necessarily one that benefits the end user in the long run. I'm also not suggesting they use POWER for mobile applications neither did I suggest they use Intel x86 for that.
The way I'm seeing things, RiscV will be in the same business position ARM is in now, in about 5 years. Apple might switch to that, and if so I'd also expect no further migration after that (as it's an open architecture).