Apple revealed new graphics technology for iPhone and iPad today called Metal, which makes more efficient use of the processing power of the mobile devices.
Announced during WWDC, Apple showed that EA, Epic Games, Crytek and Unity have been working with Metal, with Epic founder Tim Sweeney showing an Unreal 4 tech demo on stage. The Zen Garden demo will be free when iOS 8 launches.
True Console-Quality Graphics? They've been doing that since day one. The question is which console are they comparing it to?
Metal FTW
Angry Birds in 1080p with 60 FPS confirmed
If there's one company that can pull off what Microsoft did back in the early 2000's and join and succeed in the gaming race it's Apple. They have the money, developer connections, and software and hardware knowledge to be big players. I think if they really wanted to they could make a portable gaming system that could compete with the 3DS and Vita right away.
The way technology is moving with Mobile devices , it won't be long before they do have the power to out perform a PS4 or XB1 , connectivity will be wireless to the TV and you will sync a DS4 via bluetooth . When Indie developers realise there games can be ported to the app store and have a 800 million device install base they won't think twice.