No, it is more like we have finally caught up. Apple was often criticized for its poor performance compared to its peer group in the desktop space. Intel dramatically influenced Apple's ability to compete in the Mac space by the release schedule of the x86 processors. Often, Intel would release a high power version of their new chip before they released a power optimized version. Since Apple does not use the high power devices they were always left waiting and put behind the performance curve because of the wait.
With the new Apple Silicon, all of Apple's hardware design innovations can really shine because they will compare and compete more directly without being handicapped by being behind the performance curve out of the starting block. This is why M1 is so game changing For Apple.
They can more closely tune their silicon for real-life or specialized software. Intel will do this for some customers. I'd love hardware to do Huffman decoding or jpeg zig-zag decoding and I don't see why you couldn't have transistors to do it but it's too specialized for general purpose CPUs.