Tag: higher

Categories
Business Industry

Samsung SDI profit declines in Q1 2024 despite higher EV battery business

[ad_1]

Samsung has a battery manufacturing division called Samsung SDI, which makes batteries for products ranging from smartphones to EVs. Earlier today, Samsung SDI announced its financial results for Q1 2024. The company’s sales have fallen despite higher EV business, but the company vows to become a “global top-tier company by 2030.”

Samsung SDI profits fall 38% in Q1 2024 due to higher competition

Samsung SDI announced its revenue was KRW 5.13 trillion ($3.7 billion) in Q1 2024. That’s a 4% drop compared to Q1 2023. More importantly, its net profit fell KRW 267.4 billion ($193 million), a 29% decrease compared to the previous year. Compared to the previous quarter (Q4 2023), its revenue and operating profit fell 8% and 14%, respectively.

The company’s small battery business, which includes smartphone batteries, saw a drop in sales, but its profitability increased due to its pivot to pouch batteries. The sales of pouch batteries increased due to higher sales of flagship smartphones from an unnamed customer. The sales of cylindrical batteries dropped due to inventory correction of major customers in the micro-mobility segment (e-bikes and e-scooters). The company plans to enter electric two-wheeler battery markets in India and other Southeast Asian countries.

Samsung SDI booth at EVS37

Sales and profit of its Energy Storage Solutions (ESS) decreased due to seasonality. The company expects sales to improve in the coming quarters, as it plans to expand the sales of Samsung Battery Box and batteries for Uninterrupted Power Supply (UPS) systems.

The sales of automotive batteries increased, resulting in higher profit in the EV battery segment. This is due to steady sales of P5 batteries for premium EVs and the launch of P6 batteries for the North American market. Automotive battery sales are estimated to remain solid with the expansion of P6 battery sales.

Samsung SDI CEO Yoon-ho Choi said, “By making hard efforts for a new level of change and innovation, the company will bring forward realizing its goal of being a global top-tier company by 2030.”

[ad_2]

Source Article Link

Categories
Business Industry

New Expert RAW update adds lossless option for higher quality photos

[ad_1]

Last updated: April 4th, 2024 at 16:22 UTC+02:00

This week, Samsung started rolling out a new update to its pro-grade mobile photography app, Expert RAW. The update pushes the app to version 3.0.05.12 and brings one major feature photography enthusiasts should find very useful.

Namely, Expert RAW v3.0.05.12 now lets users capture lossless RAW photos. This new option optimizes image quality by capturing RAW images in lossless format. However, the downside is that lossless photos use more storage.

You can grab this new Expert RAW update from the Galaxy Store. Once you have it, you can try this new feature by opening the app, accessing the app’s settings menu, and ensuring the “Lossless RAW” quick toggle is ON.

One thing to keep in mind is that the Lossless RAW option is available only for some resolutions, not all. We tested this feature on a Galaxy S24+, and we can confirm it is grayed out when using the 50MP shooting mode.

However, you can turn Lossless RAW ON or OFF on the Galaxy S24+ if you have the 12MP or 24MP shooting mode selected in the viewfinder. Needless to say, your mileage with this Lossless RAW option might vary depending on which Galaxy phone you use.

[ad_2]

Source Article Link

Categories
Business Industry

Better Samsung Galaxy S24 sales is a result of higher Galaxy S24+ demand

[ad_1]

Samsung received a good response for its latest flagship smartphone lineup, the Galaxy S24. The Galaxy S24 broke pre-order records in key markets and achieved double-digit sales growth. Those higher sales could be attributed to higher demand for the Galaxy S24+, at least according to a new report.

Galaxy S24+ sales are 53% higher than Galaxy S23+

A report from market analysis firm Counterpoint Research reveals that the sales of the Galaxy S24 series were 8% higher than the Galaxy S23 series globally during the first three weeks. It shows a detailed sales comparison of all Galaxy S23 and Galaxy S24 models. The sales of the Galaxy S24+ were 53% higher than the Galaxy S23+ during the same three-week period.

Samsung Galaxy S24 Sales vs Galaxy S23 Globally First Three Weeks Counterpoint Research

The Galaxy S24+ accounted for 21% of the overall sales of the Galaxy S24 series, compared to just 15% of all Galaxy S23 series sales. The demand for the base version of the Galaxy S24 also increased compared to the base Galaxy S23. The Galaxy S24 sales have been 4% higher than the base Galaxy S23.

The Galaxy S24 Ultra’s total sales were 1% lower than those of the Galaxy S23 Ultra, accounting for 52% of all sales of the Galaxy S24 series.

Galaxy S24+ brought very good upgrades

Watch our Galaxy S24+ review in the video above.

This year, Samsung brought many upgrades to the Galaxy S24+. While maintaining its slim form factor, the Galaxy S24+ brought a bigger, upgraded 6.7-inch screen with QHD+ resolution and a 2,600 nits peak screen brightness. It also received a much bigger battery, at 4,900mAh, which is almost as good as the Galaxy S24 Ultra’s 5,000mAh battery.

It also received the option for 12GB of RAM, 50% higher than 8GB RAM on the Galaxy S23+. A bigger, brighter, and sharper screen, a bigger battery, and higher RAM may have attracted many people who don’t want to spend a lot on the Galaxy S24 Ultra or want a more compact or comfortable phone.

[ad_2]

Source Article Link

Categories
News

Apple iPhone sales higher than Samsung in 2023

Apple iPhone sales

According to a recent report by IDC, Apple iPhone sales in 2023 were higher than Samsung’s smartphone sales, Apple apparently sold a total ofd 234.6 million smartphones last year, giving it a 20.1 percent share of the market.

Samsung sold a total of 226.6 million smartphones in 2023, giving it second place for total sales with a 19.4 percent share. In their place was Xiaomi with a total of 145.9 million smartphones sold.

While we saw some strong growth from low-end Android players like Transsion and Xiaomi in the second half of 2023, stemming from rapid growth in emerging markets, the biggest winner is clearly Apple,” said Nabila Popal, research director with IDC’s Worldwide Tracker team. “Not only is Apple the only player in the Top 3 to show positive growth annually, but also bags the number 1 spot annually for the first time ever. All this despite facing increased regulatory challenges and renewed competition from Huawei in China, its largest market. Apple’s ongoing success and resilience is in large part due to the increasing trend of premium devices, which now represent over 20% of the market, fueled by aggressive trade-in offers and interest-free financing plans.”

This is the first time that Apple has sold more smartphones than Samsung in a year, Apple only has a couple of different models of its iPhone, whereas Samsung has lots of different smartphone models on top of its Galaxy S23 flagship range, this is good news for Apple and its iPhone range.

Source IDC

Filed Under: Android News, Apple iPad, Apple iPhone, Top News





Latest timeswonderful Deals

Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, timeswonderful may earn an affiliate commission. Learn about our Disclosure Policy.