No? Then they are under investing in R&D. It's been a while since M1 came out and intel CPUs still havent caught up.
They GPUs are lacking too. Apply has AI inference functionality in their chips and great ML software support.
You don't get to tell me that they have nowhwre to invest when they are losing on multiple fronts.
I am not even mentioning the fact that they should be finding foundamentally new opportunities ahead of their competitors.