Earlier quoted context omitted.
And iPhones still don't come close to competing with desktop-class processors in terms of performance. iPhones also use much less electricity, of course, but the point remains. I don't know enough about this, but the GP's argument of "Intel hit the wall first because they were the first to reach that level of performance" makes logical sense to me.
"Apple’s iPhone Xs is faster than an iMac Pro on the Speedometer 2.0 JavaScript benchmark" Yes, Safari, but iPhones do compete with your average desktop processor (not the top end). https://macdailynews.com/2018/09/23/apples-iphone-xs-is-fast...
And as you said, you're comparing the top-of-the-line iPhone to an "average" CPU.