I have used an MTK6589 phone and the Nexus 4, and I can tell you now that the nexus 4 is slower at playing games. Why? Because of the gpu. The nexus 4 has an adreno 320 while the MTK6589 has a powervr sgx544. The cpu in this case was not the bottleneck, and the MTK6589 phone was £50 cheaper.
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