Ray tracing outside of Nvidia is a disaster all round, so yeah, nobody is competing on that front.
But among people running LLMs outside of the data centre, Apple's unified memory together with a good-enough GPU has attracted quite a bit of attention. If you've got the cash, you can get a Mac Studio with 512GB of unified memory. So there's one workload where apple silicon gives nvidia a run for their money.
[1]: https://www.notebookcheck.net/Cyberpunk-AC-Shadows-on-Apple-...
It's not just power budget, the desktop part has more of everything, and in this case the 4070 mobile vs desktop turns out to be a 30-40% difference[1] in games.
Now I don't have a mac so if you meant "2-5x" when you said "much faster" well thdn yea, that 40% difference isn't enough to overcome that.
[1]: https://nanoreview.net/en/gpu-compare/geforce-rtx-4070-mobil...