News
Samsung SDI profit increased by 14.6%, thanks to solid EV car sales across world
Recently, Samsung Electronics unveiled its Q4 2021 earnings. And now, South Korean battery maker Samsung SDI has announced a 14.6 percent increase in its net profit in the fourth quarter from a year ago, with solid growth in EV battery sales.
The Net income rose to 391.6 billion won (the US $325.6 million) in the October-December period, compared to a profit of 341.8 billion won a year earlier. The operating profit rose 7.9 percent to 265.7 billion won, while sales rose 17.4 percent to 3.81 trillion won.
According to a Korean media report, the operating profit was 28 percent lower than the average estimate. The solid sales in Energy Storage Systems (ESS) and battery backup, also known as Uninterruptible Power Supplies (UPS), have helped improve the bottom line.
For the whole of 2021, the company booked a net profit of 1.25 trillion won, almost double that of last year. The operating income rose 59 percent last year to a record high of 1.06 trillion won, with annual revenues up 20 percent year-on-year to 13.55 trillion won.
Sector-wise, its battery business, which includes mostly EV batteries, recorded 3.1 trillion won hits in the fourth quarter, up 18.2 percent from a year earlier. Its operating income reached 120.2 billion won, an increase of 2.7 percent over the previous year.
It secured 708.7 billion won sales from electronics materials used in semiconductors and OLED display panels, up 13.9 percent from a year earlier, while operating profit rose 12.6 percent to 145.5 billion won.
The company expects the bottom line to improve further this year as demand for medium to large-size batteries is likely to increase. The small battery sector is also expected to perform better in the first quarter as demand for pouch batteries used in smartphones is high.
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By the end of 2023, Samsung Display is likely to supply nearly 70 million units of OLED for the iPhone 15 series to Apple. The company’s OLED volume by model is estimated to be in the low 20 million units for the iPhone 15 and 15 Plus, 9 to 10 million for Pro, and ~ 30 million for Pro Max.
Among the four iPhone 15 models, the 15 Pro Max OLED estimate, which Apple plans to produce the most, is four times higher for Samsung than for LG Display. Industry watchers say that Samsung Display’s iPhone 15 Pro Max OLED volume is in the mid-20 million units, three times that of LG Display.
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The prevailing view is that LG Display will have 15% more OLED volume than Samsung Display (9 million to early 10 million units). Those who see it differently predict that Samsung Display will secure around 20 million units of 15% OLED, which will be more than LG Display.
News
Apple’s Surprising Victory: Takes the Crown in Indian Smartphone Exports, Samsung Drops to Second
For the first time, Apple surpassed Samsung in smartphone export from India. The company shipped 49% of the country’s total 12 million shipments in the second quarter. Samsung, on the other hand, secured 45% of India’s total smartphone shipments in the same period.
Apple clocked a rapid growth in export volumes in the last year by making iPhones through contract manufacturers in India. The Cupertino-based company’s share of exports soared from just 9% of the roughly 8 million smartphones shipped in Q2 2022, to almost half the total smartphone exports in Q2 2023.
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Samsung’s share of export volumes fell from 50% in Q1 2023 to 45% in Q2 2023. This marks a sharp decline from Q2 2022 when the company had a dominating 84% of the export market from India. Meanwhile, exports by other Android brands (Xiaomi, Motorola, Vivo) declined from 10% in Q1 2023, to 6% in Q2 2023.
Google Messages is getting a new look for its voice recorder UI. The microphone icon in the text field will change to a waveform icon, which is different from the voice typing button in Gboard.
Instead of holding down the mic to record, you will now see a panel with a start/stop button and options to cancel, delete, or attach the recording. You will also see a waveform and a timer while recording, and you can play back the recording before sending it.
The voice messages preview will also show a waveform between the play/pause button and the timer, making it more noticeable than the current straight line.
These changes are not widely available yet, but some users have reported seeing them on their phones. These new changes are part of a bigger redesign that Google is working on for Messages, which includes a revamped home screen that is still in beta testing. Google might announce new features soon.
