I think this is mostly right. There used to be big differences and now its very much just a preference. Except when price is taken into account.

Apple no longer have an excuse for the high price of their phones because they are, as you said, basically the same as androids and in some cases just not as powerful.

Androids have the advantage of competing with itself. There are many different makes and models of android all fighting for space so new features or improvements happen faster than they do for iphones. Apple have lost what made iphones unique and therefore “worth it” in many consumers opinions.

If they are now basically an android they should cost the same as an equivalently specced android.