I don't mind 2FA over trust issues; it's not untrustworthy and if that's your objection you may want to reconsider. It's not a security hole; in fact, it's trying to plug one.
My objection is two-fold: 1) Apple has been progressively and aggressively trying to force me into 2FA, for years now. and 2) it's just a royal pain for something I'm not using. Apple seems to think that their products need and deserve banking-level security — a common delusion when your product is the most important thing in YOUR life. My assessment doesn't count unless it matches theirs.
Kinda funny really, I've been voicing my preference for years on this, and instead of listening to the customer, Apple is losing a customer. Not that I used their "service" anyway.
Frankly, I wish the whole "Apple ID" thing would go away. I know it's convenient for many, but really it's a marketing tool for Apple. Remember going into a store to buy something with cash? Did they make you log into their one-and-only account? No, and if I want to walk into an Apple store and buy something, my credit card should be all they need to welcome my transaction.
But that's not how this world is working these days. Sad, really, how readily people give up their freedom.