Do you think Apple is still an innovative company or has it become purely a distribution machine?

I'd push back on the framing a little. Distribution is the innovation at Apple's scale — getting a new technology into a billion pockets reliably is genuinely hard. That said, the center of gravity has clearly shifted from "what can we invent" to "what can we integrate and monetize." Both things are true at once, which is what makes them so interesting to cover.