Good. I was surprised that Apple Silicon Macs don't have a built-in cellular modem. This reminds me how iPhone launched without a 3G modem, and I hope Apple will similarly fix the lack of cellular connectivity in the next generation of MacBooks.
Qualcomm takes a cut on the product for selling the modem. In a 1000 dollar phone, Apple ends up paying more than 500 dollar Huawei, which ends up competing with iPhone. Qualcomm gets away with it because it can.