Ehhhh...The "Power" of the PS5 is a bit murkier than CPU vs. CPU discussion as a lot of the functionality is in the between the GPU and high levels of software optimization to take advantage of that. I don't believe the AMD Zen2 CPU that's in the PS5 is dramatically faster than an M2 in every measurable area, but on the GPU side of functionality it's a different story.
Personally, I suspect the little back and forth of Apple helping bring Sony's Sense controllers to the Apple Vision Pro and Sony integrating Apple's hand tracking software (potentially) running on AMD hardware (PS5) that Sony stealth dropped over last weekend isn't a coincidence and in the background each is taking baby steps evaluating the other's technology, methods, practices etc. with longer term larger goals in mind.
It seems like Sony may be trying to convince Apple to bring AMD GPU tech back into Apple fold so that a transition of the PlaystationOS for console and mobile to Apple Silicone are smoother since Sony has so many years of investment of R&D developing their graphics standards built around AMD GPU tech, but this is all speculation on my part.
Sony very much wants to release a portable console, but it's improbable that they will do that if they have to use a separate PlaystationOS and hardware than what's in their console that will have a separate library that they would have to support. Apple has a distinct advantage in developing scalable, modular OS' and hardware that can cover mobile to desktop class systems. Apple wants a legitimate stake in the gaming business to cover the lost revenue from no longer being able to lock app/software microtransactions and their revenue split of them to their app store exclusively (previously like 70% of Apple's total annual revenue I think.).
If Macs have exclusive access to everything Playstation has it would grow their desktop market substantially, which is something they haven't seen in a couple of decades on top of being associated with the global brand leader in games publishing and distribution.