Exactly, and this is one of the main reasons why Apple is unmatched in performance in the smartphone space: they can afford much larger transistor budget than other companies since they're vertically integrated.
Qualcomm Snapdragon 8 Gen 2 has 16B transistors on TSMC N4.
Apple A16 has 16B transistors on TSMC N4.
One of the biggest disappointments of the new A17 was getting a major node jump and only increasing the transistor count by 3B.