I think most people expected the M1, M1 Max, etc. to perform closer to its "hype-factor" from fanboys running native compiled versions of these kinds of high-performance apps.
Which they do, yes. You still have to develop software for them though.
For people who just use things like Numbers, Pages and Safari apps this is of course completely irrelevant, but if you are into chess it's sad that Apple currently underperforms big-time!
You still don’t get it, do you? The reason for poor performance of chess engines is primarily lack of software support. When you get some motivated devs with native hardware to improve and tune the code, the performance will undoubtedly improve. You also need to understand that high performance ARM desktops is something entirely new. People have been writing and optimizing low-level software for x86 for decades. Skill in optimizing for low-level ARM is much less common and the software people have been writing for ARM-based phones is usually far less complex.
The bottom line here is yes, Apple Silicon is currently a poor choice for chess, due to lack of mature software. Other domains, such as content creation, software development, certain data analysts/stats workloads, where you actually have mature software, show excellent performance.