The GPU in the Xbox One S was far from top of the line, it's pretty mediocre. A middle of the road GPU from that time frame was easily 200% faster than it.
https://www.techpowerup.com/gpu-specs/?architecture=GCN+1.0&...
That being said, frankly I'm amazed at what most modern mobile GPUs are capable of and for most people who are casual gamers, that level of performance will be more than enough. What Apple will bring to the table will certainly be better than that, it's already better than Intel GPUs and they can still support 3rd party GPUs if necessary.
The demo they showed of Shadow of the Tomb Raider running at 1080p looked great for a game, AND it also looked awful if you compared it to the PC version on Ultra settings.