In iOS 17.1 (and 17.2 beta), the arrowEdge parameter of the SwiftUI popoverTip doesn't work anymore.
This code
button
.popoverTip(tip, arrowEdge: .bottom)
looks like this on iOS 17.0
and like this on 17.1 and up.
I checked permittedArrowDirections of the corresponding UIPopoverPresentationController (via the Memory Graph): It's .down on iOS 17.0 and .any (the default) on 17.1. It seems the parameter of popoverTip is not properly propagated to the popover controller anymore.