They're similarly priced because they are
similarly priced and a
similar product (thin & light ultrabook) -
and the tests so far seem to suggest that, yes, the GPU is weaker than Apple Silicon but, OTOH, Snapdragon X has more CPU cores and is faster on multi-core benchmarks, so its not all one way. It's not like any of these thin & light laptops are intended for serious gaming or 3D workloads.
Then you've got factors like being able to drive dual external displays (as well as the internal ones).
...but its funny how all these entry-level users buying small and light laptops supposedly don't need 16GB of RAM but
do need super-powerful GPUs and care whether their game runs at
39 FPS or 40 FPS..,
And Apple didn't have to do that with the M1?
...which, by all accounts, is rapidly improving - and Apple isn't exactly standing on the high ground when it comes to the number of games and major applications that are Mac compatible.
The new Snapdragon chips might not be
beating Apple Silicon just yet, but the honeymoon is over.