There's been no evidence of the A series CPUs being paired with USB-C output capabilities. As it is the A15 in the iPhone Pro has 2 performance cores, 4 efficiency cores, 5 GPU cores but only a rumoured 6Gb of RAM despite up to 1Tb of SSD.So this would need to be confined to a 50% M1(M2...) chip, or to name it correctly an A14/15... with some minor tweaks.
Plenty performance even at that level so not really an issue. But for what use?
At home? You either need a USB-C monitor with power delivery and a good hub (since running more than 1 cable would be a hassle) or use a dock/breakout-box (why not put the computer in there, aka a MacMini).
On the go? Fiddle with adaptors to whatever screen you may find there, or use Sidecar to an iPad which has the same or better HW already.
-> pointless outside some obscure niches and thinking back to my Amiga500 and 1200 the keyboard being the computer was the one thing I hated on them with a vengeance (you should have seen the hacks I done to put them into a desktop and tower case).
I can't see how Apple could make this work unless they think they can profit from a hobbyist Nano competitor vs much cheaper Raspberry Pi for around $400 with HDMI port and ethernet only.
This kind of spec would be great running in an AppleTV mark 7 running tvOS though.
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