Tech News
Qualcomm expects to get minimum $4.5 Billion from Apple as a part of patent settlement
Qualcomm Inc stocks dropped about 3.5percent on Wednesday as investors got their first appearance in the bottom line effect of a patent struggle settlement with Apple Inc, for example, a multibillion-dollar one-time fee and much more modest future patent charges. The inventory kept most of those 50%-and gains of the last couple of weeks, representing investor relief that Qualcomm had found a route to resume providing processors to the iPhone. However, Qualcomm’s predictions suggested Apple’s licensing prices weren’t a large enough earnings boost to cancel a weakening smartphone marketplace.
Qualcomm will reserve a one-time fee of $4.5 billion to $4.7 billion from the fiscal third quarter in the settlement, as Apple catches on royalties which the iPhone manufacturer failed to pay while they had been secured a legal dispute. Excluding this payment, Qualcomm estimated $4.7 billion to $5.5 billion in earnings, generally under the $5.29 billion analysts were expecting, based on IBES data from Refinitiv.
The shortfall was driven with a feeble Chinese smartphone market, where Qualcomm thinks customers are holding off on purchasing new mobiles until brand new 5G systems roll out later this season. “We’re looking forward to having a 5G Christmas as the year ends,” Cristiano Amon, Qualcomm’s chip leader, said on a conference call with shareholders. The Apple settlement, that comprises a six-year patent permit and a processor supply arrangement, is expected to create $2 per share in extra earnings, Qualcomm has stated. Financial details haven’t been revealed but the deal is expected to assist Qualcomm to recover the preeminent cellular chip place it held in the early 2010s.
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Qualcomm estimated $1.23 billion to $1.33 billion in annual earnings because of its licensing company in the third quarter, above analysts’ consensus forecast of $1.22 billion. The licensing earnings perspective includes exemptions from sales of Apple products. Apple on Tuesday said its gross margin advice, which was mostly unchanged from prior quarters, contained the Qualcomm settlement. Both disclosures indicate small short-term financial effect from the patent licensing agreement.
Stacy Rasgon, an analyst with Bernstein, stated the Apple settlement was consistent with expectations however, the earnings outlook was unsatisfactory.
“That tells me that either Apple isn’t giving them all that much, or it says the core market is horrendous, or maybe a little bit of both,” Rasgon explained. But shareholders welcomed the Apple deal. “I’m just pleased to have Apple back in the fold,” explained Hal Eddins, chief economist at Capital Investment Counsel, that retains both Apple and Qualcomm shares. “I think they both came out well in the deal and am very impressed (Apple Chief Executive Tim) Cook agreed to it.”
Qualcomm stocks dipped 3.5percent to $83.35 in after-hours trading. They stocks closed at $57.18 on April 15, the day prior to the Apple settlement has been declared. Qualcomm executives mentioned economic weakness in China as a motive behind its lower-than-expected sales prediction. Apple said on Tuesday it found a small uptick in China earnings toward the end of its fiscal second quarter, after cuts in iPhone prices along with other facets.
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Qualcomm stays in a permit dispute with Huawei Technologies Co Ltd, however, the Chinese firm has been producing interim payments as discussions continue. Qualcomm solved a dispute with Samsung Electronics Co Ltd this past year.
“We feel that the Apple resolution enhances our ability to resolve issues with Huawei,” Alex Rogers, Qualcomm’s patent licensing leader, said on a conference call with shareholders.
Qualcomm is anticipating a federal judge’s decision in a U.S. Federal Trade Commission lawsuit alleging antitrust offenses that reflected Apple’s claims. The result remains unclear after Apple, the significant source of witnesses at the case, ignored similar suits of its own. Net income attributable to Qualcomm climbed to $663 million, or 55 cents per share, in the quarter ended March 31, from $330 million, or 22 cents per share, a year before. Earnings fell to $4.88 billion but beat analysts’ estimates of $4.80 billion.
Tech News
The Future of Electric Vehicles
Introduction
Electric vehicles (EVs) are automobiles that are powered by an electric motor rather than an internal combustion engine that burns fossil fuels. They are seen by many experts and policymakers as a key technology for reducing greenhouse gas emissions and reliance on oil in the transportation sector. In recent years, EV technology has improved considerably while costs have declined.
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This has led to rapid growth in EV sales around the world and ambitious plans by governments and automakers to phase out conventional gas-powered vehicles over the next 10-20 years. However, there are still challenges to mainstream adoption of EVs including range anxiety, lack of charging infrastructure in many regions, and higher upfront costs compared to similar gas-powered models. This article explores the current state and promising future of electric vehicle technology.
Current State of the Electric Vehicle Market
The global electric car fleet exceeded 10 million vehicles in 2020, marking an important milestone. Electric vehicles represented about 1% of all vehicles on the road globally, according to the International Energy Agency (IEA). While this is still a small overall share, it demonstrates rapid growth since there were just hundreds of thousands of EVs five years prior.
More than 3 million new electric cars were registered in 2020 despite the economic slowdown caused by Covid-19. Europe, China, and the United States make up the majority of EV sales:
Global EV Market Share by Region, 2020
Region | Market Share |
China | 44% |
Europe | 29% |
United States | 17% |
Other | 10% |
China is the undisputed leader in the electric vehicle market representing over 40% of global EV sales. Widespread government subsidies and investment in charging infrastructure have spurred adoption. Europe has also experienced strong growth thanks to tightening emissions regulations, purchase incentives, tax breaks, and investment in charging by the EU and national governments. EV sales now represent about 10% market share of new car sales in Europe. The U.S. has lagged behind China and Europe but saw sales start to accelerate in recent years before the pandemic slowed growth. EV leader Tesla dominates the American market along with improved offerings from traditional automakers like General Motors and Ford.
Battery Technology Improvements
One of the most important supporting factors for increased EV adoption has been substantial improvements in lithium-ion battery technology. Compared to 10 years ago, today’s electric vehicle batteries store more energy, charge faster, last longer, and cost much less to produce. Through advances in battery chemistry and manufacturing, the cost per kilowatt-hour (kWh) has fallen nearly 90% in the last decade. According to estimates from BloombergNEF, average battery packs are around $130/kWh currently and are on pace to fall below $100/kWh by 2024. Lower battery costs combined with increasing economies of scale for global production have allowed EV prices fall closer to internal combustion competitors.
Additionally, driving ranges continue to climb as batteries store more energy. Mainstream electric cars today typically offer 200+ miles of range per charge with premium models over 300 miles. For example, the Tesla Model S Long Range Plus model boasts an EPA range estimate of 402 miles. Improving range alleviates consumer worries over running out of juice before reaching their destination, also referred to as range anxiety. Most drivers are unlikely to need more than 200-300 miles of range on a daily basis. Higher density solid-state batteries with the potential to dramatically increase range are also under development by multiple companies and researchers, though these are likely still years away from volume production.
Charging Infrastructure Deployment
Widespread charging infrastructure availability facilitates increased EV adoption by giving potential buyers confidence they will be able to conveniently charge when away from home. Governments recognize public charging availability is critical for mass EV adoption and have invested billions of dollars in charging network deployments. There are over 1 million public charging ports available globally, a 40% year-over-year increase from 2020. While impressive growth, continued rapid infrastructure deployment is necessary to support projected 100+ million EV sales worldwide by 2030.
China again leads the world in sheer number of chargers with nearly 800,000 ports installed nationwide. Europe now has over 375,000 ports open to the public as part of accelerated infrastructure goals by the European Union. President Biden has set a target of 500,000 U.S. public charging outlets available by 2030 aided by $7.5 billion in federal funding from the infrastructure law passed in 2021. Meeting these targets will result in millions more chargers installed regionally over the next 5-10 years.
Automaker Electric Shift
In response to tightening emissions regulations worldwide and growing consumer demand, major automakers have accelerated electric vehicle production plans in recent years. A turning point came in 2021 when traditional automakers like GM, Ford, VW, Mercedes and others laid out $500+ investment plans and committed to comprehensive electrification targets for the next decade. Virtually every global and regional car manufacturer has pledged billions towards electrifying their vehicle lineup.
Ambitious targets now call for between 40% to 70% of automaker sales to be fully electric by 2030. Hundreds of new EV models will come to market in the near future as electric drivetrains increasingly become the powertrain of choice rather than just a compliance car niche. Many brands are planning on eliminating gas-powered vehicles from their catalogues entirely between 2030 to 2035. Automakers that adapt quickly to the global transition away from internal combustion cars stand to benefit greatly in the coming years as demand skyrockets.
Conclusion
Electric vehicles have built considerable sales momentum in recent years owing to precipitous cost declines, expanding model availability and government policy support. Falling lithium-ion battery prices and improving range have eased consumer concerns while public charging infrastructure begins keeping pace with growing EV adoption. Global automakers along with newer players like Tesla recognize electrification represents the future of the auto industry. Billions in investment has accelerated the next-generation vehicle rollout leading to forecasts of over 100 million annual EV sales by 2030. Widespread electric vehicle adoption will play a major role in reducing transportation emissions as the world transitions towards renewable energy. However, sustained governmental incentives and charging infrastructure deployments are necessary in the near-term to encourage consumers make the switch and enable the electric future.
Tech News
Download and install the Microsoft Authenticator app
Microsoft Authenticator app
The Microsoft Authenticator app can help you sign in to your accounts when you use two-step verification. Because passwords can be forgotten, stolen, or broken, two-step verification makes it safer to use your accounts. Two-step verification adds a second step, like using your phone, to make it harder for other people to get into your account. There are many ways to use the Authenticator app:
Two-step verification is the standard method of verification, in which your password is one of the steps. After signing in with your username and password, you can accept a notification or enter a verification code.
- Sign in by phone:Â A type of two-factor authentication that lets you sign in without a password by using your username and your mobile device with your fingerprint, face, or PIN.
- Code generation:Â As a code generator for any other account that supports authenticator apps.
- Authenticator works with any account that uses two-factor authentication and supports the time-based one-time password (TOTP) standards.
Your company might want you to use the Authenticator app to sign in and access the company’s files and data. Even if your user name appears in the app, the account won’t be set up as a verification method until you finish the registration. Add your work or school account for more information.
Download and install the app
- Install the latest version of the Authenticator app for your operating system:
- Google Android: Go to Google Play on your Android device to get the Authenticator app and put it on your device. (https://play.google.com/store/apps/details?id=com.azure.authenticator)
- Apple iPhone: Go to the App Store on your Apple iOS device to get the Authenticator app and put it on your device.(https://apps.apple.com/us/app/microsoft-authenticator/id983156458)
Get the app on your phone
Scan the QR code with your Android or IOS mobile device.
For Android:
For IOS
Set up two step verification on Authenticator
The Authenticator app can give you a code that you can use to sign into your account for extra security. No need to wait for texts or calls. Follow these steps to ensure that only you can access your information. Do you want to know more about Microsoft Authenticator app? if so, go to aka.ms/authapp.
Set up the Authenticator app
Follow the steps below to add your account after installing the Authenticator app:
- Open the app called Authenticator.
- Click the plus sign (+) in the top right corner.
- You can point your camera at the QR code or follow the steps in your account settings.
Once your account appears in your Authenticator app, you can sign in with the one-time codes. Open the Download Microsoft Authenticator page to learn more about the Authenticator App and get help.
What is a Microsoft authenticator?
The Microsoft Authenticator app can help you sign in to your accounts when you use two-step verification. Because passwords can be forgotten, stolen, or broken, two-step verification makes it safer to use your funds.
Can I access Microsoft authenticator on my PC?
For Windows 10 Mobile devices, you can now get the Microsoft Authenticator app from the Windows Store. Soon, this app will have a cool feature that lets you unlock your Windows 10 computer without typing in the password. You can do this over Bluetooth. Open the app and tap on a computer close by.
In Conclusion
That’s everything you need to know about aka.ms/authapp – Download Microsoft Authenticator App. I hope it will help you, but if you have any problems with this post, please let me know in the box below. I’ll do my best to help you as soon as I can.
Thanks…
Tech News
iOS 16 Release Date, How To Update iOS 16 Features
iPhones 8 and up will be able to use iOS 16. The software update will also be sent to “budget” iPhone like the iPhone SE 2020 and SE 2022.
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What New Features Apple User Gets In iOS 16
- iOS 16 has a new look and new features.
- Some big changes are made to the lock screen, like adding widgets.
- There is a new Lockdown mode for privacy.
iOS 16 will start to roll out today, September 12, to iPhone 8 and up. All this time, beta versions of the mobile operating system were available on iPhone. Now, after months of testing, Apple is finally ready to release the OS, likely tonight or early tomorrow morning in India. iOS 16 was shown off for the first time at WWDC 2022 in June 2022. It has a new user interface and new features, especially on the lock screen.
Apple iOS 16: How to Prepare Your iPhone Before iOS 16 Update
- Make a copy of your iPhone before you install the new OS.
- If this backup feature is turned off, you can back up your device by going to Settings > Your Name > iCloud > iCloud Backup and then clicking Back Up Now.
- To use iCloud backup, you must have your W-Fi turned on.
How To Download Apple iOS 16 On Your iPhone iPad
The Settings app is where you can get the OS.
- Click on settings.
- Tap general.
- Hit the update button.
- Tap Download and Install.
Users of the iPhone will have two options: they can download the software now or wait to install it.
At what time iOS 16 will start rollout in India
Apple will start rolling out iOS16 on September 12 at 10 pm (IST).
With which iPhones does iOS 16 work?
Apple’s iOS 16 works with all iPhones that came out in 2017 or later. Look at the full list below:
- iPhone 8 and iPhone 8+
- iPhone XS
- XS Max iPhone
- iPhone XR, iPhone 11, and iPhone 11 Pro
- iPhone XS Max 11 Pro
- Series of iPhone 12 and iPhone 12 Pro
- Series of iPhone 13 and iPhone 13 Pro
- iPhone 14 Plus, iPhone 14
- iPhone 14 Pro Max and iPhone 14 Pro
More Apple iOS 16 Features Released
Other new features in iOS 16 include a redesigned Lock Screen that lets you add widgets and change it more, as well as an installment plan for Apple Pay. Live Activity is a new feature that lets users keep track of things that are happening right now, like a sports game, workout, ride-share, or food delivery order, right from the Lock Screen. Also, SharePlay is coming to Messages. This means that you will be able to watch movies or listen to music that you have both synced and shared playback controls for while you are chatting in Messages. Also see: Apple iPhone 14 Series Sale: India Has a Huge Rush of Pre-Orders; iPhone 14 and 14 Pro Are the Most Wanted.