Yes, if you look at the last chart at anandtech.com/show/16226/apple-silicon-m1-a14-deep-dive/3 (which I'm not allowed to post a link to since I don't comment here much), Qualcomm has always gone for a higher performance to energy ratio, whereas Apple went for more performance and didn't care about battery as much. Given Qualcomm and ARM's past focus on battery as much as performance, I'm sure that will still be the case with the new 888.
These mobile chipsets are really powerful these days, the 865 gets a Geekbench score about the same as a mid-range core i7 like the 10510U, which takes much more battery at 15W. That's why I gave up on Intel years ago, only using ARM for the last five years, including for heavy developer workloads like building software that takes hours to compile.
Apple has shown with the M1 that ARM is the winner for mobile computing, including laptops and work tablets, and we'll soon see what their desktop chip in the ARM iMac does. If I were in the stock market, I'd be shorting Intel heavily at this point.