ARM says mobile devices will be more powerful than PS4, XB1 by end of 2017

[Soundwave]

Sure they can.

Such a chip would also burn out of a 8000 MaH battery in 30 minutes with a screen and require it's own fan and heatsink to function.

Also these numbers are likely very "loose" on what they define as parity, 800 GFLOPS in their eyes probably would mean equivalent to PS4/XB1.