well yes and no. ARM does not imply the GPU for example, but AS would apparently do that and GPUs are a reasonably mass-market discussed component like the CPU.
I wish apple had something better to call it, and I get it they want credit for being one of the worlds best SOC designers, but its a little goofy
Eventually I guess we'll get a name for the series of chips, so we can begin calling them the Q-Macs or whatever the Mac equivalent of the A-series chips will be.