right. far below the 20-30 billion they should have. calculate it yourself:
Moore's law is 18 months, transistor counts double.
154 months since Athlon T-bird with 34 million transistors introduced.
8 and a half generates later under Moore's Law: 17.408 billion
Consumer level processors have been sitting at quad core since 2007 when the Core 2 Quad was introduced. Haven't hardly advanced since and sit at the same 1 billion mark we have in 2014 (except for the server grade Extreme Edition, which has 2 billion).
Server processors are being lend back but not as much. GPUs have 4-6 billion still far from their potential.
If I look at Moore's Law over time I see it has never been in effect since it's conception. Transistor counts didn't rise on time ever. The potential is there but who is using it? Only the gods of the universe make use of it I'm sure; the military.
I also go back in time and I see that older generation of manufacturing processes were capable of far more than they were used for in the consume world, at times being used years down the road for far more advanced things than when they were brought to the table.