$1 billion in box office is still huge; I wouldn't call it "peanuts". And the box office of the original three films was $776 million, $538 million, and $475 million, so that was quite similar.
The new films are just milking every ounce of life out of the franchise. The money they're making is indeed peanuts to what a talented crew could have made.
At any rate, the message I originally replied to was "do these movies make money though?", and the answer to that is "absolutely yes!" I don't really have an opinion on Star Wars as I didn't care all that much even for the older films. They probably could have been better (and made more money!), but it's the difference between "making a fuckton of money" vs. "making a shitton of money", so to speak. You don't need to make "the best" to actually make money; "good enough" is, well, good enough.