Software is easier given the shorter cycles. Caveat is, the shorter cycles also benefit competitors.

Also want to second your point about the need for having good people leading large organizations like Apple. Especially so as things are changing so fast in technology, with a widening impact across more and more aspects and parts of lives of people and society. We certainly see the negative impact that comes with questionable and/or short term decisions (see social media), so I too am hopeful that above all else, Ternus is a good person and makes (for the most part) good decisions for people and society first and foremost.

I disagree with this as a blanket statement. At least in the tech world (i.e. tech companies that build technology products), UI/UX is often less expensive than the platform and infrastructure parts of the technology products, certainly at any tech that runs at scale.