It will fail again if Qualcomm did not enter the DIY desktop PC ecosystem. It's better to buy hybrid ARM based tablets with keyboard as its cover like Samsung Galaxy Tab than buying Windows based Snapdragon laptop.
I would like to see Qualcomm's new processors enter the MiniPC/AIO space. The Mac Mini is still unrivalled in price to performance. The only exception dubiously goes to Chinese MiniPC manufacturers using x86 laptop parts and Windows 11 Pro, but I would rather choose a more reputable alternative.