I wouldn't be so sure about that. These M1 chips have some crazy benchmark performance.
What they don't have, is a standard x86 ISA, which means that a lot of applications run emulated (and still tend to beat many Intel specs, anyway). I keep reading people complaining that "It's faster, but not that much faster. What's the big deal?", when they are talking about an i86 application, running on Rosetta2.