Because fanboys who talk about consoles generally don’t know what the fuck they’re talking about.
Teraflops can- and often are- used to quantify computing power in general, but it’s a very flawed metric with limited real-world meaning. They measure the total floating point operations per second that a CPU/GPU is capable of, but for a lot of reasons, real-world computing applications are often limited in how they can take advantage of that.
Generally, it’s more useful to look at actual benchmarks (preferably ones that are relevant to your particular usage) to measure how powerful a computer is. But for consoles, TFLOPS are a big number that you can put on your marketing material that fanboys will repeat and argue about (seriously, I was a veteran of the PS3 vs. Xbox 360 wars, and it was shocking how little most of the people talking about them actually knew about computers).
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