Why do you have the 4-digit PIN? Well, it’s just to unlock the part of your device where the private key is stored.
And there is the problem I have with passkeys. With a password it is me authenticating to the service I'm using. Pretty straight forward (if you ignore the operating system, web browser, network protocols, etc., but that's part of using the tech).
With passkeys you've got this third party storing your keys that increases your attack surface. It could be your web browser, your OS, or some cloud provider that you're now relying on to keep your data safe. I get that for people whose password is "password123" or who aren't savvy enough to avoid phishing maybe this helps. But with decent opsec this overly complicates authentication, IMO.
To my point, later in the article:
Securing your cloud account with strong 2FA and activating biometrics is crucial.
What's that now? The weak point is the user's ability to implement MFA and biometrics? The same users who couldn't be bothered to create different passwords for different sites? You see how we've just inserted another layer into the authentication process without solving for the major weakness?
With my tinfoil hat on I suspect this push toward passkeys is just another corporate data and/or money grab -- snake oil for companies to get their tentacles tighter around your digital existence.
Happy to be proven wrong.