Although as I undserstand m3 chips with more VRAM handle larger LLMs better because they can load more into VRAM compared to 4090.
And even though the Apple press release does not even mention memory capacity, I can guarantee you that it will be even less than that on an iPad (simply because RAM is very battery-hungry and most consumers won't care).
So, therefore my remark: it will be interesting to see how this chipset lands in MacBooks.