"Depends on how you count it. Hyperthreading is really only expected to give an increase of 20-30% in most, even highly parallel, workloads. Thus a 12-core part like the HX 370 will behave as though it were a 14-16 core part with no hyperthreading. I believe Tom's Hardware did do a hyperthreading on/off test for CB 24 and if I remember correctly it was around the 25% mark."
Hahaha, yes, this is exactly how I remember reading that too.
But while I too thought of that analogy, it's more of hyperthreading can increase the performance of a Core by 25%; which isn't exactly the same as increasing the amount of cores by 25% (though it does make sense)
So, lets take the HX 370 score of 1167 at 55 watts. Without hyperthreading the score may very well be 875. (1167 x.75); as all of the cores of the HX 370 have hyperthreading.
So, with hyperthreading turned off, the HX 370 with 12 cores could get a score of 875, versus the score of the 285H with 14 cores of 1042. (like I said above, the 2 lp-e cores are not on the compute tile)
For me, the AMD is going to be much better where hyperthreading is truly utilized; which is basically used in every synthetic benchmark used today.
But in instances where hyperthreading doesn't work, the Intel is going to shine pretty good.
But this just my 2 cents.