Intel Core i7 1160G7's Advantages
Better graphics card performance
Higher base frequency (2.1GHz vs 1.7GHz)
Lower TDP (7W vs 28W)
Intel Core i5 1240P's Advantages
Released 1 years and 5 months late
Higher specification of memory (LPDDR5-5200 vs LPDDR4x-4267)
Larger memory bandwidth (76.8GB/s vs 51.2GB/s)