Integration. The RAM is ON the SOC - shorter physical distance = speed. Wider data path. ARM can also have wider pipelines than x86 due to x86 architectural limitations (mainly from backwards compatibility). Tight optimization with Apples compliers since Apple also makes the hardware.I'm curious what is letting the ARM chip opens apps this fast. The SSD isn't much different than a 16" MBP, and the cpu is only a bit better at single threaded speeds.
Compared to x86, Apple's ARM implementation is a "clean slate". Especially with their focus on 64 bit only.
Another way to put it - they get more work done in the same amount of time vs. x86 because they have a clean design not bogged down by 40 years of backwards compatibility baggage, and they also control the entire system now so they can leave out crap they don't want and optimize the heck out of small things that will have a huge performance impact in work loads their customers do, whereas getting commodity/least common denominator parts vendors like Intel to do such work is pretty hard when your only 10% of their customer base.
TANSTAAFL!
It's not just individual parts like CPU cores or SSDs, but the entire symphony of hardware and software working in concert. Your only as fast as your slowest link and all that...