That's just how 360 cameras are. In this case, it's a 16.6MP camera that uses two sensors, each capturing a 180 degree field of view. So that's about 8/9MP per lens.
Your pixel 6 contains an 8MP sensor. I'm not sure what the field of view on the pixel. Lets say it's about 100 degrees for "wide" mode. Much less than that for photos of keyboards and computers.
So, for the 360 camera to give you the same field of view as your iphone, ultimately, you have to crop and deskew the original 180 degree image provided by one of the sensors. But that original image was only 8MP to begin with, so if you crop down to even 100 degrees, you've lost nearly have of your original pixel count, leaving you at 4MP. If you crop down even tighter, than that, your megapixel count goes down even more.
That's why 360 cameras look ass for anything other than wide cinematic shots. Once we start seeing 8K individual sensors on 360 cameras, for a total of 16K (132 MP), cropping will become far more viable. But of course, the downside with cramming lots of pixels in to a small sensor is that you get more noise. And at the moment we just don't have the manufacturing abilitity to make 16K look good on a 360 camera size sensor, at consumer friendly prices. And if you increase the size of the sensor, you increase the size of the camera, which is a deal breaker for an action cam.
