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The clocks are capped, but the consumption is capped before the frequency is. Which is basically a first.

Mark Cerny, being Mark Cerny, was candidly honest with the performance you can expect from the PS5 and didn’t try to sugar coat it or inflate the numbers with theoretical values. He explained the whole damn thing to the world as if everyone had the capacity to grasp what he said, instead of going all big numbers is what’s important.