Am I right in thinking that the old PA-Semi team was bought by Apple, and are substantially responsible for the success of the M-series parts?
1) Apple's financial firepower allowing them to book out SOTA process nodes
2) Apple being less cost-sensitive in their designs vs. Qualcomm or Intel. Since Apple sells devices, they can justify 'expensive' decisions like massive caches that require significantly more die area.
That’s much better than a decade of development with no product yet.