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I’m not convinced these new chips are so much better in end-user terms. The beauty of the M1 was ‘cool, quiet, low-power, fast’ and the more recent M-series seem to have been running hotter again.

I’ve yet to see anything that convinces me that I need anything more speed more than I need more battery.

M4 ships in a passively cooled laptop and is faster with longer battery life than any business sub notebook in the same price range. I therefore find your sentiment to be rather puzzling.

Higher power consumption is found on pro-level models because that's where we need more performance. And there is nothing wrong with that. The entire M4 Max consumes less power at peak than a current-get mobile x86 CPU in burst mode, so the advances remain the same.
 
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