This makes sense to me. Very few people are upgrading the M2 laptops they bought earlier this year. I'm finally in the market to move from Intel because visionPro dev requires Apple Silicon. Also - last Intel laptops were less than 4 years ago. Even as a power user I only upgrade every 3-5 years - regular users even less.
Not just Intel CPUs -- old Intel CPUs in old discontinued MacBooks.
People with those Macs and the M1 are the most likely to be considering an upgrade.