Yes but when you compare the TDP and compute/watt of such a system compared to an arm sbc it pales in comparison. Being fan-less hence much more compact is another thing they lack as well.
I'm not one for wasting energy but 30 watts at 24/7 usage at some of the highest energy costs in the world ($0.23/kWh) comes to roughly $5/mo and enables many, many, many things that just aren't fundamentally possible (or very ill-advised) with a Raspberry Pi.
For me personally I'm more in the $0.12/kWh range and I can run this system, with a crazy amount of functionality, for around $3/mo.
Yes a Raspberry Pi would be something like $0.26/mo but a few dollars a month is completely unnoticeable in a typical household utility bill. The level of your toaster or how long you microwave leftovers adds up to be significantly greater.