For PCs, discrete GPUs are getting bought separately so that doesn't apply. AMD does alright there but they were historically the underdog and highly budget-constrained, so without some kind of separate advantage they were struggling.
Now they're making a lot of money from Ryzen/Epyc and GPUs, and reinvesting most of it, so it's plausible they'll be more competitive going forward as the fruits of those investments come to bear.