I dunno, it's not unexpected. Smartphone hardware has been cheaper, more proliferate and faster than Raspberry Pis for a while. The Pi Foundation finds a market by supporting Linux, documenting GPIO and Arduino/hat ecosystems, and advocating for a hackier, server-like approach with the cheap hardware. Game consoles, smartphones and consumer laptops are often powerful, but priced taking the customer's service revenue into account.

My Raspberry Pi is definitely outclassed by a few of my old phones and laptops. But it's also super pleasant to host services on, so it's my go-to SBC.