I am sure that the products are a commercial success, and that they have helped Apple reach a $3 trillion market cap. This is not the point.
I just have a personal feeling, which may or may not be shared by others, that the structure of the products line-up did not change after the transition to M1. Just look:
MacBook Air ------------------------------> M1 MacBook Air
Low-end 13-inch MacBook Pro ----------> M1 MacBook Pro
High-end 13-inch MacBook Pro ---------> 14-inch M1 Pro/Max MacBook Pro
16-inch MacBook Pro --------------------> 16-inch M1 Pro/Max MacBook Pro
Low-end Mac mini ------------------------> M1 Mac Mini
High-end Mac mini -----------------------> Yet to be released
21.5-inch iMac ----------------------------> 24-inch M1 iMac
27-inch iMac ------------------------------> Yet to be released
Mac Pro ------------------------------------> Yet to be released
So far, the products are evolutionary, not revolutionary as the transition to M1 might allow. Apple just made a beefed-up version of each product. It did not create a new product line.
Some customers went nuts about the new MacBook Pro. Apple just gave users what they wanted. That is great but not revolutionary. The MacBook Pro is a great laptop, but it looks like many others. It has the M1 Pro/Max, which is great, and unique to Apple. MiniLED, ProMotion, great sound system: everything is fine but nothing out of the expected.
I hope it changes in the future.
Apple could make a very thin and light laptop with 5G capability. Apple will eventually sort out issues with Qualcomm. Why can't it fight fiercely with Epic, Samsung, and even the FBI, to protect its "values" (not its money), but will not face Qualcomm?
Apple could make a 16-inch MacBook Air. An 18-inch MacBook Pro. A convertible. Something different instead of keeping the very same line-up and beefing it up.
Tim Cook's Apple did not take any risks in this respect, did not shake up things. Played safe.
During Tim Cook's tenure, other companies tried and made mistakes in respect to their computers. But at least they tried. Microsoft released the Surface Pro, the Surface Book, the Surface Studio, and the alcantara Surface Laptop. ASUS made dual-screen laptops. LG made its Gram line of extremely thin-and-light laptops of varied sizes. Some of these products were a fiasco, but some were successful. At least these companies are not playing safe.
Tim Cook's boldest moves were to release the retina MacBook Pros and the cylindrical Mac Pro. Both of which were probably designed during Steve Jobs' era. Jobs took a lot of risks during his time: the iMac, the MacBook Air, the Mac mini, the Mac Cube. Those computers were different from everything else that came before them and really left the past behind.
Tim Cook's Apple does not shake up the line-up not even when it has the best and most capable processor in the industry. What happened to the whole Apple's "Think Different" philosophy? That for me is disappointing.