Intel's gain in my opinion is due to,
- Barely any Ryzen 5000 supply
- Even if you can find it, the prices tend to be inflated.
So its not a reason for Intel to celebrate because they've done nothing to gain back market share other than doing what they are already doing.
As for lowering prices, I think it makes sense since they would also want to clear out existing Comet Lake chips in preparation for Rocket and Alder Lake this year. While this will boost their sales, it may not boost their profit because they cut deep into their fat margin by doing this. As an end user, I would still caution potential buyers to consider the below points even if the CPU is cheaper,
1. Depending on the CPU chosen, you may need to get a good motherboard with a high end chipset if you want to overclock or maintain a high boost clockspeed. So it will add up to your cost.
2. Cost of cooler - Depending on whether you are getting an i3, i5 or i7/i9, you probably need to get an after market cooler to get the most out of the processor even if it can't OC. The stock cooler that comes with the i3 and i5 quite frankly is a joke. The higher end you go, the more you need to spend on a good cooler which will add up to the cost. The same can be said with AMD's processors, but considering AMD's 142W stock boost power limit vs Intel's 250+ W power limit, the latter flagship is significantly harder to cool.