Intel's 2021 laptop chips (Alder Lake) are rumoured to be released later this month (usually actual availability is a few months after "release"). I expect them to be pretty compelling compared to the previous generation Intel parts, and maybe even vs AMD's latest. But the new "Intel 7" node (formerly 10++ or something) is almost certainly going to be behind TSMC N5 in power and performance, so Apple will most likely still have the upper hand.
Various leaked benchmarks show it outperforms the comparable Ryzens (and it's pretty obvious these rumours are sanctioned by Intel by their copious omission of watt numbers).