*adiBOY
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The processor was updated to support the always-on display so you still get the same battery life regardless, but speed wise, it should be similar to that in the S4. It's not strictly the same processor in that sense.
Always-on display has nothing to do with the processor. Instead Apple is using a new LTPO display with new power management circuitry and controller to make always-on display happens without affecting battery life much.
