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Apple needs to make a Console using such powerful chip ..
Would you believe Apple already tried this, once?
https://en.wikipedia.org/wiki/Apple_Bandai_Pippin
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and it can compete well if Priced $199 with Controller.
How are they going to take the guts of a $800+ tablet and sell it for $200? How much cost do you think the screen and battery add?
Not to mention what Jimmy said about this being Apple... If competitive consoles were selling for $400, you know Apple would launch at like $650. And people would still buy it.
Apple TV is only $150 .. you dont need any tablet component for the console , no screen , no speakers , no camera , Just the SOC and storage and controller.. I did not say make it a Tablet Console.
actually the next Apple TV can be made a console with this SOC , and can be easily sold for $199 if Apple wanted.
You don't seem to have a good grasp on what drives pricing of electronics. It might all seem artificial to you, but there are real costs associated with different system design aspects, and a big SoC, made on the latest process node is one of them. Memory is another.
If you search around, you can find cost analysis of various consoles, tablets, phones, GPUs, etc.
Update:
This teardown includes a detailed cost estimate of the iPhone XS, which includes the A12 (not the A12X):
http://www.techinsights.com/about-techinsights/overview/blog/apple-iphone-xs-teardown/
If you just add the applications processor and memory, it adds $162.50. The parts it would replace probably cost a small fraction of that. When you adjust for the larger size of the A12X and add in all the markups and additional costs that are incurred along the way, you probably end up with something having a retail price around $450 (just a very rough guess).
That would put it in the same price range as XBox One X and PS4, yet it has much less RAM and its GPU is much weaker. They compared its GPU to a XBox One S, but the GPU in the X is more than 3x as powerful (the PS4, a bit less).