Despite all marketing talk, the real reason why Swift went with ARC was easier interoperability with Objective-C, otherwise Apple would need to build something like .NET's RCW/CCW for COM interop on Windows, which follows the same concept as Cocoa's retain/release calls.
Chapter 5 on the "The Garbage Collection Handbook",
https://gchandbook.org/contents.html
Or if you prefer chapter 2 on "Uniprocessor Garbage Collection Techniques" https://www.cs.cmu.edu/~fp/courses/15411-f08/misc/wilson94-g...
Plenty of SIGPLAN papers about the subject.
Despite all marketing talk, the real reason why Swift went with ARC was easier interoperability with Objective-C, otherwise Apple would need to build something like .NET's RCW/CCW for COM interop on Windows, which follows the same concept as Cocoa's retain/release calls.