Perhaps because it behaves as a 12-core CPU vs a 10-core CPU?
BTW where do you get 4-5x the transistor count? Don't tell me you pick the whole SoC transistor count?
Why do the number of cores matter? Honestly that's just silly. Is that how you compare gpus?
If one core is made up of 10 times the transistors then it should be 10 times faster. If it isn't then that's an issue.
Yes, I'm comparing the whole soc for both. The m4 is 2.5 times the transistor count of a 12900k if I remember correctly. Since I'm basically using half the cpu, the difference is bigger.
If you have some actual data (die shot) of the m4 then we could sort this out. If not then this is all meaningless, at the end of the day a 3 year old cpu made on 14nm and drawing an average of 19w is around 40% faster than the m4.
So unless the cores of the m4 are super tiny in terms of transistor count, the results look disappointing to me.