I mean it depends on what you do - but for many people it's a realistic solution.
Apple have put faster chips in their smartphones than in their laptops.
http://bgr.com/2017/09/14/iphone-x-vs-iphone-8-a11-bionic-be...
This is all alluded to in the article and the macrumors post that the article is based upon, here are some quotes:
> "Sure, that doesn’t mean the A11 Bionic can do all the things a desktop CPU does."
> "Though the iPhone X and the iPhone 8 offer impressive Geekbench scores, how that translates to real world performance remains to be seen."
There's no question that the iPhone chips deliver amazing performance, but there's a reason people still lug Macbooks around.
Geekbench always seems like an odd benchmark - the variability between runs alone is kind of odd. If I could run a compiler on an iPhone, for example, would I really see similar performance to my MBP?
It also doesn't pass the smell test. Even Atom CPUs are preferred over high-end ARM for netbooks. But a Xeon is way more powerful than any Atom.