Samsung has started mass production of 12Gb LPDDR4 modules on a 20nm process in order to allow devices makers to start building 6GB devices or 3GB devices in a smaller footprint.
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Today's modern games and many productivity applications can consume 4GB on its own, so there's little argument for not going with 8GB. However, the need for 16GB of memory is a hotly debated subject.
Though there's more to it, the four major improvements of DDR4 SDRAM can be summed up in lower operating voltage, increased power saving enhancements, increased frequency, and improved chip density.