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Pemalite said:

No it doesn't. People need to stop believing this.

AMD for example has consistently iterated upon it's Graphics Core Next design...
A 4 Teraflop Graphics Core Next 1.0 GPU will loose to a 4 Teraflop Graphics Core Next 5.0 GPU. - I can even demonstrate this if you want.

Here we have the Radeon 7970 (4.0 - 4.3 Teraflop) against the Radeon 280 (2.96 - 3.34 Teraflop).
The Radeon 7970 should be able to wipe the floor with it's almost 1 Teraflop advantage right? Wrong.
https://www.anandtech.com/bench/product/1722?vs=1751

They are both Graphics Core Next.
Again, Flops is irrelevant.

FLOPS is a Theoretical number, not a real world one. The GPU in the Playstation 4 Pro and Xbox One X can do more work per flop than the base Xbox One and Playstation 4 consoles, that's a fact, due to efficiency tweaks in other areas.

I thought the base PS4 and Xbox One GPUs were only one GCN generation behind those of the Pro and One X, but on further investigation, turns out it's actually two. So yeah, the performance difference is probably a fair bit more than the raw FLOPS value alone would indicate (and that's before you take into account that the One X's new memory set-up completely blows the doors off those of the older models).