Oh, for sure. It’s going to be a big deal to use techies and represents a huge shift in terms of who holds the power in processing. (that said, the vast majority of PCs won’t be able to use it!)
But entire industries (e.g. ride hailing) were created in the aftermath of the iPhone’s launch. I just don’t think we’ll see that kind of change reflected in most people’s lives.
The big boosts here are commodity ARM instances on the cloud. These instances already are more power efficient than their intel counterpart and cheaper - but developer machine used to be all intel. Now that has changed.
To a normal consumer, that's not a big deal (although 17 hour battery life is already pretty huge). To future PC hardware and server/backend infrastructure, that's a huge deal.