There is massive percent of population whose needs will be 200% covered with Neo performance. Most people just need a laptop for web browser, watching videos, occasional app use.

Problem with cheap Windows laptops and Chromebooks is not performance, but horrific build quality, displays, webcams, audio and keyboards. This is something Apple have solved. Also there is no Windows which solves a lot of problems.

I was doing gamedev for years on M1 Air with 16GB / 256GB and some other software engineering too FFS. Surely non-power-users can live with less.