Actually, this is nothing new. Hardware encoders have always been worse than software encoders when it comes to quality and file size. That's why I've never used hardware encoders for my family movies, but always x264 and more recently x265.
Unfortunately, many are not aware of this. And also on sites like MacRumors the authors don't seem to know that, because you never read corresponding hints. Of course, this also applies to many well-known YouTubers who only look at the speed but not at the file size and quality.
If you use the software encoders from the big companies like Apple (FinalCut Pro, Compressor, etc.) and Adobe, you will probably still get worse results than with x264 or x265.