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Pemalite said:

Not exactly.

AMD's successor to the consoles archaic and slow Jaguar CPU's, aka. Puma... Can operate at powerlevels of 3.8w with 128 GCN cores and 4x x86 1.6ghz cores.
At 16/14nm, you could halve that power again or double the hardware.

Intel has had mobile SoC's that have been able to beat out it's ARM competitors in many cases for years.

As for Price, you have a point.

Lol im not an hardware expert but i highly doubt you could achieve ps4 performance (graphics and cpu whise) with 3,8 wattage. 

It would be amazing if possible, but i really cant believe it.