the difference between an Intel Core i3, i5 and i7 in terms of cores

The more cores there are, the more tasks (known as threads) can be served at the same time. The lowest number of cores can be found in Core i3 CPUs, i.e., which have only two cores. Currently, all Core i3s are dual-core processors.

Currently all Core i5 processors, except for the i5-661, are quad cores in Australia. The Core i5-661 is only a dual-core processor with a clockspeed of 3.33 GHz. Remember that all Core i3s are also dual cores. Furthermore, the i3-560 is also 3.33GHz, yet a lot cheaper. Sounds like it might be a better buy than the i5. What gives?

At this point, I'd like to grab the opportunity to illustrate how a number of factors affect the overall processing power of a CPU and determine whether it should be considered an i3, an i5, or an i7.

Even if the i5-661 normally runs at the same clockspeed as Core i3-560, and even if they all have the same number of cores, the i5-661 benefits from a technology known as Turbo Boost.

courtesy : http://www.pcworld.idg.com.au/article/386100/what_difference_between_an_intel_core_i3_i5_i7_/