I assume it's with HDR off. That would be the fair comparison to make, since it's raw footage vs raw footage under the same conditions. You could augment the raw footage different ways with filters and different modes, so it would not be a fair comparison. Additionally, there is a time delay with HDR, so had they used that mode, they could easily argue that you could miss important moments by being a click too late.
The reality is, if you're a photo-enthusiast, you're likely going to carry a real camera around with you, and the photos you take are likely going to come from the real camera. With that said, real cameras are usually a lot bigger, clunky, and not always carried around. Camera phones makes nice substitutes, but for people who really care, it's probably not a huge factor in the type of phone they pick.