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Here is another reference point where we are at miniaturization of PS4 performance:

https://www.techradar.com/reviews/intel-hades-canyon-nuc


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The new Intel NUC seems to be a bit faster than a standard PS4, but

  • it still needs up to 65 Watt
  • the box is still bigger than a comfortable handheld size
  • the power brick is external and the NUC doesn't include a battery or display
  • it weights 2 pounds
  • it costs $1000 (plus the costs for storage, memory and OS)

So don't expect a handheld with PS4 performance for less than $500 next year.