That's in terms of hardware, except for the camera. The 930's camera is second to none as a camera phone for this generation.
Now, in terms of "specifications" it's all relative. I mean, yes, the S5 has great hardware, but Android OS require a lot more specifications to keep a semi-fluid OS. TouchWiz has a lot of lag, due to all the bloat they include. So yes, it needs to be "more powerful" even though people could debate the difference between the 800 vs 801 (take a look
here). It's not a big jump. So it's not like night and day. And I'm sure people with the 805 processor can gab a Lumia and say "Wow, that's so fluid, what is it? An 805 or 810?"
I can honestly say I've never had such a fluid experience with a device. 0 lags. More than a month with the device. All fluid and great experiences, 0 crashes. I CAN'T say the same about my Android phones. I mean, Android is great! But if you're going to say that the L930 is "inferior" or "worse" than the S5 based on specs. I'd argue that the 930 wins in EVERY aspect on user experience, except for apps I suppose. And even in specs, the 930 wins in internal storage and camera and probably volume. I haven't had an S5, but 930 has great volume and sound (as long as it's under 25 of the 30 possible).
I mean, I went from the G3 which had higher capacity battery, screen, more RAM, same internal storage, slimmer profile, higher density screen, etc. to the 930 and 1520... For a reason it must be, right?
Kind regards.
Kent.