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Why would they want to? They make even more money selling their own computers with their CPUs.
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The Server market is enormous with a much higher average selling price. It would make perfect sense for Apple to make servers if it meant more revenue and profit than they could make not doing it. There are rumors that Apple is planning a M8 based server in 2029.
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That's a helluva rumor. Apple tried b2b with Xserve, back in the day, but didn't have the stomach for it.
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That’s because they tried integration with the rest of their SW ecosystem.

If they just did motherboards with cpu/ram/pcie and let other OEMs build complete systems the story would be very different

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If they sell every CPU they can make there’s not much headroom to make more
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