Setting PlaceholderColor to “#FFF7” for example shows the text without alpha, i.e. opaque white. The alpha channel does render for black text “#0007”.
It’s a minor bug but cosmetically important as typically you want the placeholder text to be a partially transparent version of the main text, (using solid gray doesn’t look right.)
<App Background="Gray">
<Panel Alignment="Center">
<StackPanel ItemSpacing="20">
<TextInput PlaceholderText="This black placeholder text has alpha" PlaceholderColor="#0007"/>
<TextInput PlaceholderText="While this white text does not" PlaceholderColor="#FFF7"/>
</StackPanel>
</Panel>
</App>