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  • Samsung Electronics—A Detailed Case Study

    Samsung is a South Korean electronic gadget manufacturer in Samsung Town, Seoul. Samsung Electronics was established by Lee Byung-Chul in 1938 as an exchanging organization.

    We all know this information about Samsung. Don’t we? But what we don’t know? Do you know how much Samsung has grown in these years? What are the Future Plans of Samsung? How much Samsung invested in its R&D? What difficulties did the company face coming all this way? What is the history behind this multinational conglomerate?

    Don’t worry we got you covered. We have penned down a detailed Case Study on Samsung Electronics. Let’s find out in this thoroughly studied Samsung case study.

    Let’s start the detailed case study from here.

    Samsung entered the electronics industry in the late 1960s and the development and shipbuilding ventures in the mid-1970. Following Lee’s demise in 1987, Samsung was divided into five business groups – Samsung Group, Shinsegae Group, CJ Group, Hansol Group and Joongang Group.

    Some of the notable Samsung industrial subsidiaries include Samsung Electronics, Samsung Heavy Industries  Samsung Engineering, and Samsung C&T (separately the world’s 13th and 36th biggest development companies). Other notable subsidiaries include Samsung Life Insurance, Samsung Everland, and Cheil Worldwide.

    Samsung has a powerful influence on South Korea’s monetary advancement, legislative issues, media, and culture. Samsung has played a significant role behind the “Miracle on the Han River”. Its subsidiary organizations produce around a fifth of South Korea’s complete exports. Samsung’s revenue was equivalent to 17% of South Korea’s $1,082 billion GDP.

    History of Samsung Electronics
    Samsung’s Business Strategy
    Samsung Rides High In India
    Business Growth in India
    Future Plans of Samsung
    FAQ’s

    History of Samsung Electronics

    Lee Byung-Chul | Founder, Samsung

    1938 (Inception of Samsung)-

    • In 1938, Lee Byung-Chul (1910–1987) of a huge landowning family in the Uiryeong region moved to nearby city Daegu and established Samsung Sanghoe.
    • Samsung began as a little exchanging organization with forty representatives situated in Su-dong. It managed dried fish, privately developed staple goods and noodles. The organization succeeded and Lee moved its head office to Seoul in 1947.
    • When the Korean War broke out, Lee had to leave Seoul. He began a sugar processing plant in Busan named Cheil Jedang. In 1954, Lee founded Cheil Mojik. It was the biggest woollen factory in the country.
    • Samsung broadened into a wide range of territories. Lee wanted to build Samsung as a pioneer in a wide scope of enterprises.
    • In 1947, Cho Hong-Jai, the Hyosung gathering’s organizer, put resources into another organization called Samsung Mulsan Gongsa or the Samsung Trading Corporation with Samsung’s founder Lee Byung-Chul. The exchanging firm developed into the present-day Samsung C&T Corporation.
    • After few years in business, Cho and Lee got separated due to the differences in the management style. In 1980, Samsung acquired the Gumi-based Hanguk Jeonja Tongsin and entered the telecommunications market. During the initial days, it sold switchboards.

    1987 (Demise of Lee Byung-Chul)-

    • After Lee’s demise in 1987, the Samsung Group was divided into four business gatherings—Samsung Group, Shinsegae Group, CJ Group, and the Hansol Group.
    • One Hansol Group agent stated, “Just individuals uninformed of the laws overseeing the business world could think something so ridiculous,” while also adding, “When Hansol got separated from the Samsung Group in 1991, it cut off all installment assurances and offer holding ties with Samsung subsidiaries.”
    • One Hansol Group source attested, “Hansol, Shinsegae, and CJ have been under autonomous administration since their particular divisions from the Samsung Group.”
    • One Shinsegae retail chain official executive stated, “Shinsegae has no installment certifications related to the Samsung Group.” In 1982, it constructed a TV get-together plant in Portugal, a plant in New York in 1984, a plant in Tokyo in 1985 and an office in England in 1996.

    2000 (Samsung in 20th Century)

    • In 2000, Samsung opened a development center in Warsaw, Poland. It started with set-top-box technology before moving to TV and cell phones. The cell phone stage was created with accomplices and formally propelled with the first Samsung Solstice line of gadgets and different subordinates in 2008. It later emerged into the Samsung Galaxy line of gadgets that is Notes, Edge, and other models.
    • In 2010, Samsung declared a ten-year development system based on five businesses. One of these organizations was to be centered around bio-pharmaceuticals in which ₩2,100 billion was invested.
    • In the first quarter of 2012, Samsung Electronics turned into the world’s biggest cell phone creator by unit deals, surpassing Nokia which had been the market chief since 1998.
    • In 2015, Samsung was granted U.S. patents as compared to other organizations like IBM, Google, Sony, Microsoft, and Apple. Samsung got 7,679 utility licenses before 11 December 2015.
    • On 2 August 2016, Samsung Electronics revealed the Galaxy Note7 smartphone, which went on sale on 19 August 2016. At the beginning of September 2016, it halted its selling of smartphones due to some problems with the smartphones. Samsung suspended the selling of the smartphones and recalled its units for inspection.
    • This happened after certain units of the telephones had batteries with a deformity that made them produce extreme warmth, prompting flames and blasts. Samsung replaced the reviewed units of the telephones with a new version. It was later found that the new version of the Galaxy Note 7 also had the same battery deformity.
    • Samsung recalled all Galaxy Note7 cell phones worldwide on 10 October 2016 and permanently ended its production on the same day.

    Samsung’s Business Strategy

    Business Strategy of Samsung Electronics

    Great business strategies have been applied by Samsung over the years. Not very far back, Samsung wasn’t as famous as now. Samsung has now advanced so much that it is the principal contender of Apple Inc. Samsung is the biggest tech business by income and the seventh most significant brand today. The showcasing procedure it applied encouraged Samsung electronics to turn into an industry driving innovation organization.

    The Samsung marketing strategy was one of the best systems at any point because it helped a cost-driven organization to change its structure and become a power producer. Due to the consistently changing tastes of purchasers in the innovation business, organizations needed to pursue the pace and offer dynamic and advancing devices to their clients. In this way, Samsung additionally needed to change to pick up the high ground available, and the new Samsung showcasing methodology was the way to advancement.

    Some of the business strategies of Samsung Electronics are listed below:

    Promotional Mix Of Samsung

    Samsung has arrived at fantastic statures with its cell phones which helped the brand to turn into an image of value and unwavering quality for its purchasers.

    Samsung Marketing Mix Pricing Strategy and Samsung Advertising Methodology are the two estimating techniques used by the organization. Other than its items, Samsung is celebrated for its customer support. However, item variety is the most dominant part of the promoting blend of Samsung.

    Skimming Price

    Like Apple, Samsung uses skimming costs to pick up the high ground over its rivals. For example, Galaxy S6 and S6 Edge are the brand’s new results of Samsung conveying the trademark “Next is Now” and guaranteeing that they are the best smartphone maker at any point made.

    What will happen when different contenders will dispatch a cell phone with indistinguishable highlights? Straightforward. Samsung will bring down the cost and effectively steal the customers from its competitors.

    Focused Pricing

    Samsung experiences issues in increasing an edge over its rivals with different items. Doubtlessly, Samsung is a credible brand. However, regarding home appliances, it can’t be in any way, shape, or form outperform LG In the cameras segment and other home appliance units. Also, Samsung cannot compete with Canon and Nikon.

    For Samsung to withstand this savage challenge, it’s crucial to utilize aggressive valuing of its products. Moreover, Samsung is neither a newbie underway nor non-inventive. For the most part, it is often the first company to be innovative with its products and present a change among its competitors.

    Putting in Samsung Marketing Strategy

    Samsung uses divert advertising strategies. Retailers who present the innovation chain will undoubtedly incorporate Samsung in their rundown on account of the firm being a world-celebrated brand. Samsung can likewise fill in as an option for the purchasers. The circulation is a convincing piece of the Samsung promoting methodology.

    In specific urban communities, Samsung has an agreement with a solitary dissemination organization that circulates the items all through the city. For example, Mumbai is an incredible case where Samsung conveys its products through a solitary organization.

    Samsung Rides High In India

    Profits of Samsung Electronics (Credit-Statista)

    The greatest leader by far in the smartphone business is Samsung Electronics, the world’s greatest cell phone and TV producer.

    Samsung is India’s greatest, versatile brand. It is the developer of Reliance Jio’s 4G LTE system — the greatest and busiest information system on the planet.

    Discernments, advertise wars, openings, rivalry — now and then from conventional remote adversaries, from nearby upstarts, and emerging Chinese brands trouble Samsung.

    Be that as it may, every time Samsung has had the option to fight off the dangers and hold its ground. It has been leading the market in the TV fragment for more than 12 years and in the versatile business for a long time after it toppled Nokia in 2012.

    Riding The Smartphone Wave

    As indicated by some statistical surveying firms following cell phone shipments, Chinese firm Xiaomi is creeping nearer — or has even surpassed Samsung after December 2017 quarter.

    While for the entire year 2017, Samsung was No. 1 in the cell phone space, IDC information indicated Xiaomi drove the last quarter with 26.8% piece of the overall industry. Samsung was at 24.2%. Different players, for example, Vivo, Lenovo, and Oppo stayed at 6.5, 5.6, and 4.9%, separately.

    Warsi, who has been working with Samsung for as far back as 12 years and has as of late been advanced as Global Vice President, is unflinching, “These difficulties offer us the chance to work more earnestly for our customers and with our accomplices.

    Furthermore, shoppers love marks that emphasis on them,” he says. “Samsung is India’s No. 1 cell phone organization crosswise over sections — premium, mid and reasonable. That is what makes a difference.”

    Statistical surveying firm GfK tracks disconnected offers of handsets — which make up around 70% of the market — in which Xiaomi is attempting to make advances.

    Samsung had a 42% worth piece of the overall industry in the general cell phone showcase in the nation in 2019 and 55% in the superior fragment as indicated by GfK. An industry official who would not like to be named says that India must be Samsung’s greatest market by large volumes.

    The thought currently is to become the cell phone business which gets more worth. As indicated by reports, Samsung India’s incomes from cell phone deals in 2018-19 remained at an astounding INR 34,300 crore. That is over $5.5 billion and development of 27%. Samsung’s nearest adversaries are talking about incomes of $1 billion in India, going up to $2 billion.

    Samsung is the world’s largest manufacturer of consumer electronics by revenue. As of 2019, Samsung Electronics is the world’s second-largest technology company by revenue, and its market capitalization stood at US$301.65 billion, the 18th largest in the world.

    Shopper Is At The Center

    Growth of Samsung Electronics (Credit-canalys)

    Samsung is a worldwide advancement powerhouse that leads the patterns. It profoundly put resources in India — 22 years of connections in the exchange, and tremendous interests in neighborhood R&D. It has around 10,000 architects working in research offices in India and is perhaps the greatest scout from the IITs.

    “Samsung has a solid brand picture in India, as it has been available in various customer electronic portions with quality items for quite a while now. The brand is trusted because of its long history in the nation, dish India nearness, and a vigorous after deals support for buyers,” says Shobhit Srivastava, explore expert at Counterpoint Research.

    Indeed, even an item fizzle of the size of the Galaxy Note7 in September 2016 couldn’t affect Samsung. While the organization was fast enough to get back to every one of the units that had been sold and cease the gadget totally, Samsung’s activities and ensuing effective dispatches of leads like Galaxy S8, Note8, the Galaxy S9 and S9+, which were propelled in February, rescued the harm and raised the profile of the brand as a dependable organization. “They rushed to concede their error and that helped them interface with the perceiving clients of today far superior,” says Koshy.

    Make For India

    Samsung’s system ‘Make for India’, which resounds with the administration’s ‘Make in India‘ activity, was conceived in the late spring of 2015. Samsung India’s new President and CEO, H.C. Hong, had recently moved in from Latin America and was looked with the prompt tough assignment of fighting a firm challenge from two nearby versatile organizations that is Micromax and Intex.

    Samsung’s customer hardware business containing TVs, fridges, and other advanced machines were additionally confronting challenges from Sony and LG.

    Around a similar time, the legislature of India propelled its ‘Make in India’ activity. “In this way, Mr. Hong revealed to us we have been doing Make in India effectively for two decades. What we should concentrate on widely to remain on top of things is Make for India (MFI),” says Dipesh Shah, Managing Director of Samsung R&D Institute in Bengaluru, the greatest R&D community for Samsung outside Korea.

    Truth be told, the R&D focuses in India contribute intensely to the improvement of worldwide items, for example, Samsung’s lead cell phones (Galaxy S9 and S9+). While different organizations focused on propelling their worldwide items in India, Samsung went about rethinking items for the nation at its R&D focuses.

    India is significant for Samsung, thinking of the nation as the second biggest cell phone showcase on the planet today, and it is possibly the greatest undiscovered market for some advanced apparatuses. The entrance of iceboxes, clothes washers, microwaves, and forced air systems are appallingly low because of components like the accessibility of continuous power, social conduct, way of life, and earnings.

    Business Growth in India

    Business Growth of Samsung

    Samsung India crossed the INR 50,000 crore deals achievement in 2017 according to the simply distributed organization filings with the Registrar of Companies (RoC), uniting its situation as the nation’s biggest unadulterated play purchaser products MNC. The Korean mammoth’s all-out salary, including turnover and other pay, developed by 15.5% to INR 55,511.9 crore in FY 2017 from INR 48,053 crore in the earlier year regardless of Chinese organizations making genuine advances into the Indian cell phone advertise.

    Samsung’s cell phone business developed deals at 26.7% to INR 34,261 crore, while the home apparatus business developed by 12% to INR 6,395.6 crore. The organization’s TV business stayed dormant at INR 4,481.2 crore even though Samsung held the market initiative.

    The organization’s net benefit developed at a quicker pace of 38% to INR 4,156.2 crore which industry examiners credited to more concentrate on premium models crosswise over cell phones and customer hardware having higher edges.

    Samsung, in its filings, said the ‘Make for India’ activity, through which a large portion of the items was planned and created given the Indian customer’s needs, has been an enormous achievement and a major factor behind the development.

    All the units at Samsung India improved their gross productivity with the TV business dramatically increasing it and the home machine business nearly trebling it. The cell phone business was the biggest supporter of gross benefit having developed by 44% in FY17 at INR 5,005.9 crore.

    Future Plans of Samsung

    Samsung Future Plans

    Samsung has arranged a new venture of around INR 2,500 crore to transform its India tasks into a center for parts business, two senior industry administrators said. The ventures could be increased further, they included. The Korean organization has set up two new parts fabricating substances in India—Samsung Display Co and Samsung SDI India—for the generation of cell phones and batteries.

    Independently, Samsung’s funding arm—Samsung Venture Investment Corp—has set up activities in India to support new companies in gadgets equipment and programming organizations. The segment organizations will supply items to both Samsung India and other cell phone merchants who as of now source parts from Samsung’s abroad tasks.

    Samsung sees a big opportunity for segment business considering the administration’s push on ‘Make in India’ where expense on imported cell phone segments and purchaser hardware is going up, the administrators said.

    Samsung is likewise pitching to the administration for fare impetuses so it can even fare segments from India. Samsung Display has just marked an update of comprehension with the Uttar Pradesh government for an INR 1,500 crore plant for assembling telephone show to be operational by one year from now April. The plant will come up in Noida, the administrators said.

    Samsung SDI India has plans to set up an assembling unit in India for lithium-particle batteries after the organization was drifted a month ago, according to its administrative filings with the Registrar of Companies (RoC).

    As per the administrators, Samsung SDI has plans to contribute another INR 900-1,000 crore and will settle the plans after counseling with the Center post general races. These speculations come after it introduced the world’s biggest cell phone fabricating unit in India a year ago at an all-out cost of INR 4,915 crore. It is expected to be completed in 2020.

    That’s all for now. Share your learnings and findings. What did you learn from this article? Which information surprised or amused you the most? Feel free to reach us and share your feedback. We would love to hear from you. Do comment us in the comments section below. Happy Reading.

    FAQ’s

    Who is the owner of Samsung Electronics?

    Samsung Group is the owner of Samsung Electronics.

    Who is the Founder of Samsung?

    Samsung Electronics was established by Lee Byung-Chul (1910–1987) in 1938 as an exchanging organization.

    Who is the current CEO of Samsung?

    Kim, Ki Nam, Kim, Hyun Suk and Koh, Dong Jin are the current CEO of multinational conglomerate Samsung.

    What does Samsung Electronics make?

    Samsung Electronics produces smartphones, TV sets, laptops, solid-state drives, digital cinemas screens, etc.

    Is Samsung a Chinese company?

    Samsung is a South Korean electronic gadget manufacturer in Samsung Town, Seoul.

    What is Samsung’s strategy?

    Some of the business strategies of Samsung Electronics are listed below:

    • Promotional Mix of Samsung
    • Skimming Price
    • Focused Pricing
    • Putting in Samsung Marketing Strategy

    How large is Samsung Electronics?

    Samsung is the world’s largest manufacturer of consumer electronics by revenue. Samsung Electronics is the world’s second-largest technology company by revenue, and its market capitalization stood at US$ 301.65 billion, the 18th largest in the world.

    What are the future plans of Samsung Company?

    Samsung has arranged a new venture of around INR 2,500 crore to transform its India tasks into a center for parts business, two senior industry administrators said.

  • Is Fiverr still a great place for freelancers in 2021? [Case Study]

    Fiverr is an online marketplace for people to find and give services of various types. Since its launch in 2010, Fiverr has grown into an arena of opportunity in itself with more than three million gigs in its database. It has become the largest marketplace for digital services in the world. Each service on Fiverr cost a minimum of $5 until 2014. After that they removed this price limit as the marketplace grew.

    How does Fiverr work?
    Categories in Fiverr
    Pros of using Fiverr
    Cons of using Fiverr
    Analysis of Fiverr in 2021
    Tips for Sellers on Fiverr
    Tips for Buyers on Fiverr
    FAQ

    How does Fiverr work?

    Fiverr more or less works like any other place where one looks for a service and the other offers one. The sellers mention the services that they can provide and those who want to buy it will ask a few questions to confirm if the service matches their requirements and make a purchase accordingly.

    Amidst this business, Fiverr takes 20% of the transaction. As mentioned earlier, the variety of services that can be found here is really wide and what you can do is to make a mini sales pitch by explaining your potentials that will make the buyers make the purchase.

    It is a credible website with its own customer support. They will help you regarding any concerns at any point of time. It protects both buyers and sellers in a judicious manner. As a buyer, if your order is not delivered, you can either get a refund or an extension. The sellers can take a test which is a new feature of the website that will add to their credibility. Good reviews, information about their education will further strengthen the credibility of a seller on the website. The quality of the seller can be assessed by the buyer by going through their ratings and reviews.

    Categories in Fiverr

    The following are the major categories that are available in Fiverr. All these categories contain more than 30 subcategories.

    • Video And Animation
    • Music And Audio
    • Graphics And Design
    • Video And Animation
    • Writing And Translation
    • Programming And Tech
    • Business
    • Lifestyle
    • Digital Marketing

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    Pros of using Fiverr

    Exposure

    The variety of projects that you get to work in Fiverr is unmatchable.

    Easily accessible

    The website is constructed in such a way that it is extremely easy to get a hang of it and locate the suitable service.

    Additional Income

    No matter how less or more the buyer pays, it is definitely an additional source of income. It is always good to tap at this opportunity.

    Cons of using Fiverr

    Underpaid

    If not often, at least in the beginning you will be disappointed to observe that you are underpaid for your services. Apart from that, 20% of the transaction goes to Fiverr and this makes the situation further grim for the seller.

    Inconsistent

    With the style of transaction in itself, it is clear that Fiverr does not offer continuous money. It completely depends upon how you do the business with the buyer – and hence Fiverr can never be a reliable source of income.

    Delayed Payments

    Fiverr takes upto 14 days to complete their payments. If you are a verified seller, chances are that your payments will be transacted faster.

    Pressure

    Fulfilling requirements can be stressful in most of the cases. This happens especially in the beginning mainly because the seller does not want to get any bad reviews.

    This also means that sellers will have to sacrifice upcoming orders in order to prioritise the existing ones.

    Fake reviews

    This is the biggest bane of Fiverr for all its stakeholders. Sellers write or hire people to write fake reviews for them and will mislead the buyer into losing money for low quality work.

    Lack of satisfaction

    It is unlikely that neither seller nor the buyer gets satisfied in the transaction although satisfaction is not a rarity. In many cases, the seller is underpaid and the buyer often gets low quality works done.

    This adversely affects the business of both the buyer and the seller.

    Analysis of Fiverr in 2021

    From various reviews and studies, it was observed that Fiverr is not a great place for freelancers any more. It has lost its reputation over the period of time. Its ranking systems are flawed and fake reviews outnumber the original ones. There is always a lack of communication between the buyer and the seller which creates a trust issue all the time. It has become the market for the smart ones.

    It’s good for those buyers who have a way with choosing the right service in the right quality or to be precise; for those who know how to exploit the service providers.

    And as far as the seller is concerned, they mostly provide low quality works in a way that was not advertised. It is a loss for them. The competition is so high that they have to lower their prices to stay in the market. Once they do that they might get more orders. Many sellers in Fiverr say that they work too hard for too little money. Most of the transactions occur at the base price of $5 which makes things largely dull for the sellers.

    Fiverr annual spend per buyer
    Fiverr annual spend per buyer

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    Tips for Sellers on Fiverr

    • Set the price that is worth your effort. In this way only the right customer gets to you. It will help in ensuring satisfaction on both ends.
    • Make use of the resources that is put forth by Fiverr that will help you in improving your business.
    • Be honest to your work and deliver orders on time.
    • Focus on quality and not quantity – over time you can develop a strong base which can convince your buyer the reasons for the service’s  relatively high price.

    Tips for Buyers on Fiverr

    • Do not be blinded by reviews, it can be fake.
    • Read the negative reviews before you place your order.
    • Be clear about what you want.
    • Focus on quality of the work rather than trying to get work done at a cheap rate.
    • Do not hesitate to complain if the order delivered is not satisfactory.

    Conclusion

    However, it cannot be ruled out that there are a lot of decent people there too. Be careful about the red flags and contact customer support in case of any help. Do not lower your prices for more business and ensure that you get the right buyer and seller. After all, no place is bad when people on both sides have the right intentions.  

    FAQ

    Which country uses fiverr the most?

    Most of the Fiverr traffic comes from India and then followed by US.

    What sells best on Fiverr?

    Product Demonstration Videos, Video Editing, Video Intros & Outros for Business, Slideshow Videos, Logo Design, and Photoshop Editing are some of the jobs that sell most on fiverr.

    What is a gig in fiverr?

    A Gig is termed as the service you offer and sell within the marketplace at Fiverr. Your Gig is an opportunity to showcase your talent to potential customers, as well as to provide all the information they may need prior to placing an order.

  • Why Did PC Industry Boom in 2020?

    Altering the way we communicate, perceive things, do business and what not, the advent of Personal Computers have revolutionised the fortune of human beings for the best. Although computers were used since the 1950s, it was only in 1975 that personal computers were launched.

    Until then it was a far away reality for most of the people. From being super heavy, complicated and relatively slow instruments PCs have come a great way to fit into our office bags.

    Many people thought that the circle of life of PCs was going to end soon. Some even predicted its death to be in the last decade. Amidst all those predictions, PC has emerged once again as one of the most profit earning industries in 2020. The reason behind it are the great changes that came along with the Coronavirus.

    Growth of Pc industry during the Pandemic
    Remote learning during the Pandemic
    How did different sections in the society add to the growth of Pc Market
    Statistics of Pc industry
    FAQ

    Growth of Pc industry during the Pandemic

    2020 was marked by the perils of Coronavirus across the globe. However, the PC industry is one among the lucky ones who were able to get their best. With lockdowns and restrictions being continued throughout.

    The pandemic saw a large number of hitherto offline ventures shifting online. Reports say that this change would not have been possible or even thinkable under normal circumstances.

    In India, even court proceedings were done remotely. Work From Home became the norm for most of the employed people. Adding icing to the cake, studies have shown that remote working employees work 1.4 times more than the work they do in offices. There have also been many companies that have already decided to continue work from home even when the pandemic recedes.

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    Remote learning during the Pandemic

    Remote learning and online classes became the only option left for students to continue their studies. Places which risked the health of students to open up educational institutions faced fatal setbacks.

    When classes took to online platforms, so did the accompanied assignments and project works. Mobile phones which were supposed to put an end to the PC industry became insufficient for the kind of work that students are getting.

    The limitations of mobile phones also included inability to ensure proper sitting posture, health issues that arise with staring on to small screens, distractions caused by plethora of notifications and so on. People who had been confined to small screens soon expanded to bigger and sometimes ultra wide laptop screens.

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    How did different sections in the society add to the growth of Pc Market

    As the pandemic gripped tighter on people, it came to a situation where everyone in the family needed a laptop. Even young children resorted to laptops since all other forms of outdoor activities were put on hold.

    Same was the case for homemakers who used to find time for a lot of outdoor ventures. So, the people who have money ensure that each one of them has a laptop which satisfies their needs. In this case, the increased addiction to gaming has to be mentioned. This has also contributed significantly to the increase in laptop sales.

    The middle class have a different story to narrate. With incomes dwindling and restrictions mounting, laptops became an unavoidable part of their lives. People who had a laptop from work managed everything else with it while the others etched out the money to buy a laptop from their savings. This came as an additional boost to the PC industry with an increased sale from a client base that was very narrow until now.

    The other people who couldn’t afford a laptop on their own did not have to stay disconnected. They were helped by various NGOs and government schemes. Capable people who knew families who were struggling due to the sudden paradigm shift did not hesitate to purchase the necessary gadget for them.

    All these add up to one fact – that the PC industry had a great comeback in this unprecedented time. The extent of it will be understood when we realise that there was a supply crunch due to this demand which made the manufacturers ramp up production with immediate effect. However, it should be noted that there is a large consumer base on which the PC industry has not tapped yet.

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    Statistics of Pc industry

    Worldwide PC Shipments
    Worldwide PC Shipments

    According to Canalys, which is a global technical marketing analyst firm, the PC segment which is inclusive of desktops, laptops, notebooks, tablets etc registered a growth of 11% in 2020 alone. This means that the industry’s shipment reached more than 297 million units.

    According to Worldwide Quarterly Personal Computing Device Tracker three fourths of this shipment constituted Notebooks. There was 74.1% growth in the consumer segment and 14.1% growth in the enterprise segment.

    As mentioned earlier, the death of PCs was almost declared by many people. This kind of an increase in business was seen after 10 years. It was in 2010 that the PC industry recorded a growth of 13.1% along with 302 million shipments according to IDC.

    Amongst the PC manufacturing companies, Lenovo recorded the maximum growth of 12% in 2020. According to the findings of Canalys and IDC, Lenovo’s market share stands at 24%. There is no dispute about this fact.

    In the second place comes HP which recorded 67 million shipments along with a market share of more than 22% in 2020. Dell came in the third position with regard to the growth rate. Both Canalys and IDC repeated that it had over 50 million shipments recorded in a year. Their market share also touched an impressive 16%.

    The premium player in the market, Apple also did not fail to register tremendous growth. It has over 22.592 million shipments to its credit. This accounts for an annual growth rate of 16.6% with a growth in market share from 7.2% to 7.6%. However, according to IDC, Apple registered the highest growth among all the companies with 29.1% in 2020.      

    Conclusion

    The current surge in the PC industry once again reiterates the observation that “there is nothing called the post PC era”. Various analysts have also opinionated that this trend is likely to continue for some more time. This is mainly because many firms found out that productivity has increased and expenses have decreased when things are taken to PCs within your homes.

    With or without work, PCs have become an indispensable part of our lives and now there is no going back. Be it work, leisure time, research, shopping or studies, a PC serves the purpose in an efficient manner. And when there are enough manufacturers delivering exactly and sometimes more than what people expect, no one can ever avoid buying it. However, it is also important to expect the advance of something more revolutionary in future. And let’s all hope for the best.

    FAQ

    Which company sold the most computers in 2020?

    Lenovo saw the most shipments of PC in 2020, followed by HP in second place, and Dell in third.

    Is the PC market growing?

    As estimated by Canalys PC market saw a growth of around 55%.

    Is the computer industry attractive?

    Yes, It can be said that the PC industry is fairly attractive for well-established, global and leading companies.

  • Wrapped Bitcoins (WBTC) and Its Benefits as an Investment

    There was a time when Bitcoin was the hot news in all forms of media. There were confusions regarding its credibility and liquidity. Now, flouting all of that in air, comes the wrapped Bitcoins amidst all the discussions about wrapped tokens. What is Wrapped Bitcoin or WBTC? Is Wrapped Bitcoin a good investment? – Get all your questions answered in this post!

    What is WBTC or Wrapped Bitcoin?
    Types of WBTC models
    6 Reasons why WBTC is a Good Investment
    WBTC (Wrapped Bitcoins) – FAQs

    What is WBTC or Wrapped Bitcoin?

    WBTC (Wrapped Bitcoin) is nothing but an ER- 20 token which bridges the differences between Bitcoins and Ethereum Blockchain. WBTC integrates itself to the domain of Ethereum wallets, dapps and smart contracts while retaining a connection with the world of Bitcoins. This initiative helps the owners of Bitcoins to bring in the value of it to the programmability of Ethereum through a combination. 1 Bitcoin can be converted into 1 WBTC through a WBTC partner.

    This conversion can be done through numerous platforms that are available online today. The reversibility of this process makes it easier and convenient for the users to juggle between BTC and WBTC. The 1:1 ratio of Bitcoin supported WBTC is transparently verified through a “proof of reserve” system. It allows the users to participate in Decentralized Finance which is also known as DeFi.

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    Types of WBTC models

    Although they differ in the terms of procedures, they unite when it comes to the end result. They are all BTCs in the Ethereum platform at the end of the day. The following are a few important and popular WBTC models –

    Centralized BTC wrapping model

    Here the owner gives the BTCs to a centralized intermediary where they crypto up your Bitcoins and issue a Ethereum- 20 token which corresponds with the value of Bitcoin. Here you are completely dependent on the intermediary for your wrapping. BitGo is an example.

    Trustless BTC wrapping model

    Unlike the one mentioned earlier, here the wrapping is more decentralized. The responsibilities of the intermediary are transferred to the smart contract. Since the BTC is locked in a network contract, the platform cannot update or adjust it without your approval. Hence it becomes a trust-less system.

    Synthetic Assets

    In this case, a synthetic asset of the same value is issued after the Bitcoin is wrapped into a smart contract. The asset is not backed by the BTC but the native tokens and liquidity pools.

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    6 Reasons why WBTC is a Good Investment

    The advantage of wrapped Bitcoins over Bitcoins and any other cryptocurrencies are many. The overarching support of the Ethereum blockchain is what gives WBTC an upper hand over the others. There are however some disadvantages like delay in blockchain and cryptocurrencies coming to the mainstream. However, there is no doubt that the benefits outweigh the risks. Here are a few reasons why WBTCs are a good investment.

    1. Alliance with Ethereum Blockchain

    Ethereum is the largest ecosystem as far as any cryptocurrency is concerned. The very integration of Bitcoin with Ethereum is beneficial for the user due to its large reachability and exclusive facilities like dapps, DEXs, games etc. Through this integration, Bitcoin users can gain access to Decentralized Finance without having to lose any Bitcoins.

    2. Liquidity

    The liquidity offered by WBTC is diverse and spread out because of Ethereum. This is especially when various instances have shown us how various functionaries like Decentralized Exchanges lack the required liquidity to function to their maximum potential. In the case of WBTC, this lack does not come up at all and rules out chances for functioning in a way less than the best.

    3. Scalability

    Flexibility or Scalability of the wrapped Bitcoin is another important reason why this investment is really good. After wrapping, WBTC exists in the Ethereum blockchain rather than Bitcoin itself. This makes transactions easier and cheaper.

    4. Decentralized Finance

    The advent of DeFi has in fact paved the way for WBTC. It has transformed centralized finances to a decentralized one.  Today users have been allowed to replace banks and have been facilitated with the option for providing liquidity in return for rewards as far as popular apps like Compound is concerned.

    5. Better Functionality

    As mentioned earlier, the integration with Ethereum has opened a wide expanse of opportunities for Bitcoin users. They can make use of the facilities like smart contracts to leverage WBTC. BTC lacks this facility. Smart contracts being self-executing pre-programmed protocols give tremendous impetus to the blockchain sector.

    6. Yield Farming

    This is another DeFi protocol that allows users to lend out their crypto currencies for interest. It is a passive income for many which is not granted by any other blockchain sectors. The popular app, Compound allows this to be done among many others.

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    WBTC (Wrapped Bitcoins) – FAQs

    What is WBTC or Wrapped Bitcoin?

    WBTC (Wrapped Bitcoin) is an ER- 20 token which bridges the differences between Bitcoins and Ethereum blockchain. WBTC integrates itself to the domain of Ethereum wallets, dapps and smart contracts while retaining a connection with the world of Bitcoins.

    Is WBTC the same as BTC?

    WBTC stands for Wrapped Bitcoin and is simply an ERC20 token that represents Bitcoin. One WBTC equals one BTC. BTC can be converted into WBTC and vice-versa.

    Is WBTC backed by BTC (Bitcoin)?

    WBTC is an Ethereum token that’s backed one-to-one by bitcoin (BTC), which means that one WBTC is always equal to one bitcoin.

    Is Wrapped Bitcoin a Good Investment?

    The advantage of wrapped Bitcoins over Bitcoins and any other cryptocurrencies are many. The overarching support of the Ethereum blockchain is what gives WBTC an upper hand over the others. Better functionality, scalability, liquidity, decentralized finance are some the advantages of WBTC.

    Conclusion

    While WBTCs are safe and a good investment, one must watch out for any kind of frauds or theft that can likely happen in this situation. It must also be noted that WBTC is just a Bitcoin in the Ethereum platform and there is absolutely no difference in values. Blockchains are the pioneers of a new tech revolution. Embrace it first before everybody follows your suit.

  • Using GeeksforGeeks for Practice and Learning Coding- A Guide

    GeeksforGeeks is the best platform for people who are searching for useful articles dedicated to programming languages. This website includes well explained, well thought-out, and well written computer science and programming articles. This platform can help people have a good understanding of various programming languages, data structures, and algorithms.

    GeeksforGeeks was developed by Sandeep Jain in 2009. He is an IIT Roorkee alumnus. Sandeep commenced it as a blog-based site with articles on programming questions. Later, he expanded it to courses. Currently, it is a portal including interview experiences, programming questions, and a coding platform. Let us discuss how to use GeeksforGeeks for practicing coding.

    The platform provides you access to all types of training materials, from programming problems to practice for entrance exams, from basic to premium courses, etc. GeeksforGeeks shows an inclusive approach to all technical concepts and several ways to resolve programming problems that enable you to choose the appropriate solution.

    How to Learn Programming
    How to Use GeeksforGeeks for Practicing Coding
    Frequently Asked Questions – FAQs

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    How to Learn Programming

    The contents on GeeksforGeeks are divided into different categories for easy access by users. If you are interested in learning algorithms or data structures or a programming language, you can use this source. If you are searching for interview preparation material, GeeksforGeeks includes a bunch of company-wise interview experiences. Also, it acts as a great platform for users to share their knowledge through the contribution option.

    Let us talk about the steps to learn programming and some ways for developing our problem-solving skills.

    Sandeep Jain – Founder of GeeksforGeeks

    1. Select a Language and Understand the Basic Concepts

    Many beginners skip the basics and jump directly into technology and shiny tools. It won’t work in interviews or building a project of any kind. If your basics are not clear, you will become more distracted and confused. Therefore, firstly select the programming language that you are comfortable working on C++, Python, Java, etc.

    After that, learn the syntax and basic concepts (conditionals, variables, loops, operators, etc.). Create programs using the language and make a basic foundation. Some useful tips to pursue when you start with fundamentals are given below. It will also help to increase your problem-solving skills.

    • Most courses start with educating a programming language, which is good, but learn how to use the programming language to solve problems.
    • Stand firm in a language. Most beginners continue to jump from one language to another. It is a waste of time. In the beginning, it is better to stick with one language.
    • Try to build programs every day without making a gap. Firstly, try to build small programs. Later, move to more complicated ones, but keep consistency.
    • Adopt a good learning strategy. For example, Programs follow a 2: 1 ratio between conceptual learning and active learning instead of using all theories first.
    • Build a project or small application based on the basics you have learned. Also, understand how to google when you get stuck somewhere because of doubts.

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    2. Learn Algorithms and Data Structure

    Algorithms and data structure are the main part of programming.  Once you learnt any of the languages ​​and have created some basic programs, the next step is to learn the algorithms and data structures. Note that, we can’t use some data structures everywhere. So, for any type of problem, you first need to implement an algorithm. After that, you need to select a suitable data structure to solve the problem. Some useful tips to follow while learning data structure and algorithms are given below.

    • Never try to consume all the concepts of algorithms and data structures at once. You can select a specific learning strategy that suits you.
    • If you are trying to solve a complex problem, break down those problems into smaller parts. After that, solve these parts to get the final solution.
    • Practicing is very important. Try to take part in competitive programming on various websites.  You will gain confidence through this.
    • Understand how to use these algorithms and data structures in projects. Web applications are an example. You can learn plenty of use of array and string.
    • Make an application based on what you have understood. Also, you can use these ideas to implement a feature in your previous project.

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    3. Build Projects

    Try to make a static website or a small project first. It can be a web application, your own portfolio, any kind of game, or an Android application. For example, if you want to build an e-commerce site, begin with making small features. You can begin from the login form. After that, you can go to the next feature like the navigation bar. So, analyze the whole project and break it down into smaller parts instead of doing everything at once. Some useful tips that you should follow when building a project are given below.

    • Learn to utilize some good tools, debuggers, or editors on your project. Understand how to use templates, developer tools (for web applications), library, and package where needed.
    • Don’t avoid error messages. You can google the errors or problems that you are facing while building the project. In most cases, you can discover the answer in Stackoverflow, a community for developers.
    • Try to avoid making too much perfection in the project. Otherwise, it will be a reason for slow progress and procrastination of the project.

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    4. Explore

    Do more exploration after your project is completed. Explore the computer science field as much as you can. You can explore various fields such as cloud computing, machine learning, mobile app development, systems programming, web development, virtual reality, blockchain, etc. There are so many projects on GitHub. Also, so many resources are available on the Internet.

    Check out the various methods and approaches from other developers. Try to make a habit to read the code on StackOverflow or GitHub. You can discover multiple ways to solve a single problem. Try to join in online tech communities, and participate in some competitions or make a contribution to open source projects.

    How to Use GeeksforGeeks for Practicing Coding

    GeeksforGeeks understands the importance of programming training in climbing the ladder of success in the field of computer science. Therefore, it provides an option for practicing programming problems. This big database of problems was made by programming experts. GeeksforGeeks’ active team makes the learning method fun and interesting.

    You are able to practice as many problems as you need without creating a login. But if you want to track the progress and your rank among other programmers, you need to register or login. You need to confirm your email address for completing the registration process. Start with solving basic problems like strings, arrays, and then move on to the easy, medium, and hard levels.

    GeeksforGeeks for practicing programming problems
    GeeksforGeeks for practicing programming problems

    If you are not able to solve them, take a look at the available editorials. If you click on the editorial section, you will be redirected to the solution and detailed explanation of the given problem. Only click on the editorial if you can’t resolve the problem yourself. Or you can start learning concepts first. Refer to basic tutorials such as data structures, C programming language, and algorithms for learning concepts.

    After that, you can start practicing coding problems. If you don’t wish to track your progress now, you can use IDE. It is different from the practice platform. Also, you can use IDE for any problem that you want to solve by using an online compiler. But, the practice platform provides company wise problems and well-designed topic. Once you have completed the basic Problems, move on to the easy level as a next step.

    If you feel that you can’t resolve problems, you can check the editorials. There is a maximum allowable time for each problem. It is called as time limit for the problem. Checking your code for multiple test cases will help to identify problems with your code. Some links are provided above the editor for different languages. You are able to click on a language to see the code with which your code is integrated.

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    This was a small guide on how to practice coding in geeksforgeeks. They have had significant growth over the last few years. The Android app got more than 500000 downloads. Also, it is one of the most visited websites in the world. The content of GeeksforGeeks is concise, highly reliable, and holds great quality. So, it is a perfect place for tech lovers and coders to interact and discuss their knowledge and ideas.

    Frequently Asked Questions – FAQs

    What is GeeksforGeeks?

    GeeksforGeeks is a platform for people who are searching for useful articles dedicated to programming languages. This website includes well-explained, well-thought-out, and well-written computer science and programming articles. The platform provides you access to all types of training materials, from programming problems to practice for entrance exams, from basic to premium courses.

    Who created GeeksforGeeks?

    Sandeep Jain created GeekforGeeks. Sandeep started a blog page that turned into Geeksforgeeks.

    Is GeeksforGeeks free?

    Yes, GeekforGeeks is a free platform.

    Is GeeksforGeeks Indian?

    Yes, GeekforGeeks is a computer portal based in India.

  • What happens to Social media account of Individual who lost live due to Covid?

    Over the past few months, the second wave of Covid has been increasing in India and most of us have lost our dear ones. The pandemic has increased the death rate and the second wave has become very fatal. But, have you ever wondered what would happen to the social media accounts of the ones who lose their life during the Covid battle or any other cause? In this article let’s look at what happens to the social media accounts of the users who lost their life due to Covid or any other cause.

    Study by University of Oxford on Social Media accounts
    Procedures that can be followed to the social media account after death of an individual
    Steps taken by Facebook and Instagram to the account after death of an individual
    Steps taken by Twitter to the account after death of an individual
    Steps taken by Google and WhatsApp to the account after death of an individual
    FAQ

    Study by University of Oxford on Social Media accounts

    According to a study by the Oxford Internet Institute of the University of Oxford based on the social media user levels as of 2018, it was found that around 1.4 billion users will die before 2100 which would be more than the social media users living on Facebook during 2070.

    This is a serious issue that nobody has thought about and like any other account such as a bank account, the social media companies will have to find a nominee who would be able to close the account or take care of the account after the death of the individual. Currently, there are three different procedures towards the social media account of a person who lost his life.

    Procedures that can be followed to the social media account after death of an individual

    There are 3 different procedures that can be followed to the social media account after the death of an individual. The first step would be to just leave the account untouched. There won’t be any changes made to the account and it would remain intact after the death of an individual.

    The second step would be informing the related company and closing down of the account. It would be any social media company such as Twitter, Facebook or Instagram which can be done by submitting the death certificate of the individual and the last step would be to give access to a nominee and make it a memorial account.

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    Steps taken by Facebook and Instagram to the account after death of an individual

    Facebook Memorial Page
    Facebook Memorial Page

    Facebook provides this feature to hand over the account and to make it a memorial one. The legacy contacts will not get the same features towards the account, he will only be able to change the profile picture, respond to friend requests or write a tribute post on the account.

    The account can be identified as a word Remembering will be shown next to the account. These accounts will not be visible on the friend’s suggestions or won’t show any birthday alerts towards other users. Instagram also provides the same option regarding the social media account.

    Steps taken by Twitter to the account after death of an individual

    Twitter does not provide access to the legacy account holder towards the account. The individual’s account will have to be deactivated. The immediate family member will have to request on deactivating the account by providing their id, death certificate and other documents required by the company.

    However, if an immediate family member or a closed one has access to the deceased individual’s account then the account can be kept active and the user can update the posts according to their choice.

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    Steps taken by Google and WhatsApp to the account after death of an individual

    Google has not provided any information regarding the account after the death of an individual. However, a close family member or a person can apply by providing the required documents and close the google account of the individual.

    Google also asks an individual while creating an account on the closure of account during inactivity and if the individual select an option of 3 months, then an inactivity of the account for 3 months would automatically delete the google account.

    In the case of WhatsApp, there is no such procedure for closure or deleting the account. Whoever has access to the deceased person’s mobile phone will have access towards WhatsApp and the account will have to be manually deleted from the phone.

    Conclusion

    However, except for a few social media companies, there is no much procedure to close down or to bring changes to a deceased person’s account. There are arguments that the government should mandate a certain procedure for the social media accounts of the individuals who lose their life.

    FAQ

    What happens to your WhatsApp when you die?

    WhatsApp has no way of knowing if users are dead or not. If an individual does die, their account will most likely continue to exist, and people will still be able to send them messages.

    Can you delete a dead person Facebook?

    Facebook has two options: You can request to either memorialize a Facebook page or delete it all together.

    What happens to your Instagram when you die?

    According to Instagram’s policy, the account of a deceased person can either be reported, or an immediate family member can request that the account be deleted.

  • Why was Google Project Ara Cancelled? [Case Study]

    Did you just break your cellphone’s camera? How about you just swap it out for a new one by yourself? That’s not possible, right? Well, what if I say there was a time when the future of mobile phones was on this path? Yes, that’s true! On September 10, 2013,  Dave Hakkens, a Design Academy Eindhoven graduate, uploaded his a video on YouTube. Called ‘Phonebloks’, the video revolved around the idea of replacing old and broken phone parts. This was Project Ara.

    What was Project Ara all about?
    Why did Project Ara Seem like a Great Plan?
    What Happened to Project Ara?
    Reasons Why Project Ara Failed
    FAQ

    What was Project Ara all about?

    Headed initially by the Advanced Technology and Projects (ATAP) team within Motorola Mobility LLC while it was a subsidiary of Google, Project Ara focused on creating a modular smartphone device that allowed users to swap out outdated and damaged hardware components of a cellphone with new ones.

    The original plan, consisted of different hardware modules that could be combined with the metal endoskeleton to create a usable smartphone. The process started by finalizing the endoskeleton and then adding the various parts to it. The different parts included battery, processor, display screens, cameras, storage components, speakers and everything else.

    Why did Project Ara Seem like a Great Plan?

    Project Ara was developed to revolutionize the functioning of the cellphone industry. It eradicated the need to stand in line for a new cellphone when customers could effortless upgrade the ones they were using. Apart from this, it also had a number of other perks. Let’s take a look at some of them:

    1. It would have resulted in a substantial reduction in electronic waste.
    2. It was as simple as switching the sim in a GSM phone to another phone.
    3. All modules of Project Ara worked seamlessly across all geographical locations as it was based on the frame of the phone.
    4. It would allow users to experiment with specialized components like laser pointers, night vision sensors, Pico projectors, gaming controllers, medical devices and a lot more.
    5. It was supposed to have a specialized Wi-Fi module  that would ensure a stronger signal no matter which ISP was being used.
    6. It was intended to be sold at very nominal prices as compared to present cellphones. For example, a starter kit, with the endoskeleton, CPU, battery, display and Wi-Fi was quoted to be sold at just $50.
    7. Users would also be able to choose between two frame size variants – the mini and the medium size frame. There were also talks of a large sized frame somewhere down the line.

    However, even after these many perks, Project Ara is nowhere in the market for the last 7 years. So, what happened to it? Did it succeed or fail? What really happened to this revolutionary plan? Let’s find out.

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    What Happened to Project Ara?

    Motorola Mobility LLC announced on 29th October, 2013 that they were working in collaboration with Phonebloks to develop a prototype of the project. The first prototype, called Spiral 1, was introduced in June of 2014. However, it seemed very different than the original Phonebloks plan with a lot of issues.

    A second prototype, Spiral 2, having better customizations and design modules, was released in the year 2015. The plan was to release the module in Puerto Rico, since the U.S. territory had a large mobile phone market, but, in August of 2015, Google announced that the release was delayed indefinitely and would be made available in few other cities of the U.S. in 2016.

    When 2016 came, the team unveiled a ‘developer’s edition’, that was somewhat different from Spiral 2. The design came with antenna, display, integrated circuit system-on-chip, and sensor attached to the endoskeleton, instead of allowing users to connect parts such as battery, CPU or camera. However, they could still change features like microphones, speakers, batteries and cameras.

    By this time Project Ara had come a long way since starting in 2014 with people working in Google using these phones as their main device. But, on September 2nd, 2016, the company announced that they were shelving this project to focus on on others. No other details were divulged and there have been no talks of a relaunch as well.

    So, what could possibly have gone wrong? Although it seemed like a brilliant leap towards a better future of smartphones, a lot of things didn’t quite work out in favor of the project.

    Google Project Ara Showcase
    Google Project Ara Showcase

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    Reasons Why Project Ara Failed

    Lack of Proper Support

    As is the case with most out-of-the-box ideas that have the potential to change the industry, the project faced a lot of opposition. Most big mobile companies did not support the idea and did everything in their power to restrict Project Ara from being released.

    Dearth of Relevant Technology

    Although the idea of the project was revolutionary, it seems that it was too ahead of its time. The technology was not advanced enough, at that time, to facilitate the development of this magnanimous and ambitious plan.

    Not Easy to Use

    Although tech geeks love the idea of swapping out unusable parts of their phone with new ones, normal customers usually buy mobile phones that allows them to stay connected through calls, text messages and use social media. They wouldn’t want to spend time thinking about which processor, RAM or storage is needed for them to perform these tasks.

    The Need of Constant Upgrading

    As time moved ahead most hardware components like, graphic cards, CPU, RAM and storage cards, become more advanced. Hence, there is a constant need to keep upgrading the software to allow them to support all the new and fast hardware technologies. Thus, all modules of the phone would need to be upgraded eventually, making the phone useless for long-term use.

    FAQ

    When did project Ara start?

    The concept of Project Ara began in 2012 and work started on April 1, 2013. Motorola publicly announced Project Ara on October 29, 2013.

    Why was Project Ara Cancelled?

    One of the reasons Project Ara was cancelled could be it was too early for the introduction of such modular phones in the mass market.

    Why did modular phones fail?

    Modular phones failed because of Lack of demand in the smartphone market.

    Conclusion

    This does not mean the Project Ara is over. The immense potential of the project is too good to be wasted, so, you never know, there could be a more refined version for our perusal in the future.

  • What are the Latest Technology Trends in India?

    In the past few years, India has become a major attraction for latest technological advancements. Consumers for almost all sorts of technological niches have seen a raise in recent times. This makes it extremely important to understand the latest technology trends which are presently going on in the country. Let’s see what all technologies are being adored by our fellow country mates.  

    latest Trending Technologies

    App Development

    Even before the WhiteHatJr. coding campaign rolled out, app development had been gaining heat. The craze and enthusiasm for developing apps and coding had been increasing with the popularity of the same since their inception. App development offers a great scope and for the ones who have the right mix of skill along with vision, it opens up a completely new world. App development is hence, the next big thing or rather the contemporary colossal phenomenon in the technology sector.

    Web Development

    Web Development
    Web Development

    Another notable field wherein the youth and the tech savvy generation of our motherland are engaging in is Web Development. Web Development is not limited to designing website content but involves many other aspects. One gets to integrate mobile apps with the web interfaces, develop content and work with loads of software, the possibilities are endless. It is no surprise that Web Development is one of the technological trends which has the technology sector going gaga.

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    Robotics

    Robotics
    Robotics

    The development of Robotics has rather been uncanny in many ways. It started off as a western influence and soon became a phenomenon. Though there might be many individuals who’d argue the origins of robotics, one thing which stands out is India’s rise in the robotics sector. Colleges are encouraging students to take robotics and even have introduced various courses for the same. The advancements and the interest looks to make robotics an integral part of the Indian technology sector soon.

    Gaming

    It is no surprise that gaming is one of the technological trends which has taken center stage in the technological sector of the country. The scope for gaming has increased by a huge margin in the last half a decade or so. Especially with so many streamers and streaming platforms gaining immense popularity over the course of the last few years, the inclination towards gaming has globally gone up. Many Indian gamers, who have risen to fame have also played a significant role in popularizing Gaming.

    Gaming is not limited to a specific platform and one can find a huge number of platforms which have and are being explored by many. The thrill and the perks associated with gaming make it all the more enthralling. Indian game developers are also gaining recognition at a global level. The gaming sector seems promising and is sure to grow in the coming times.

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    Cyber Security

    Cyber Security
    Cyber Security

    The extensive use of any entity brings with it the need to monitor the usage. The same holds true in the case of technology. Almost all of the country’s population is connected to the internet some way or the other, this makes it extremely important to monitor the miscreants lurking online.

    The most popular trend amongst Cyber Security is Blockchain Technology. Its highly secure and has a constant need for evolution. This gives Blockchain particularly a wider scope than other aspects of Cyber Security. Nevertheless, Cyber Security is a necessity which can be converted into a great opportunity rather is being converted into one.

    Artificial Intelligence (AI)

    Artificial Intelligence has been an entity of the future all of humanity is striving to make a contemporary one. India isn’t far behind in the bid to develop newer and groundbreaking technologies to bring the future closer. The extensive development of Augmented Reality and Virtual Reality software is attracting the attention of global tycoons towards the country. Though gradually but steadily, A.I. in the country is becoming a force to reckon with.

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    Crypto Currency

    Crypto Currency
    Crypto Currency

    The fact that Crypto currency is legally not accepted in and around the country makes its appearance in this list slightly astonishing. There are two major factors which have made Crypto currency a popular technological trend in India. The first being the fact that crypto currency (most notably BitCoin) has become the real deal in the last few years, considering the global stocks and markets. The second factor is simply because it is banned in the country, making it more intriguing for individuals to indulge and understand the technical aspects of the same.

    Irrespective of the present scenarios, the future of crypto currency looks bright in the country. The economic reforms should give way to crypto currency being welcomed with open arms soon.

    Food Tech

    One thing which has been constantly in trend in the country has been the foodtech industry. A huge number of foodtech startups have emerged and even taken centre stage in the past few years. There have been many entrepreneurs who have invested and many who are still investing in foodtech in the country. The fact that there have been a huge number of aspirants who are working on these lines adds to the field even more.

    The country’s love for food and the influence of technology make it a great place for Foodtech to bloom. This is more than enough reason for Foodtech being a technological trend to look out for in the coming times.

    Conclusion

    There have been a number of Technologies which are in trend at the moment, but the fact that the technology sector is dynamic can not be emphasized enough. Having said that, the technologies which have been talked off seem way more than short term trends and are sure to strengthen their position in coming times. The more the advancements, the better the sector will get and the more trends we’ll have in the future.

    FAQs

    Technology trend awareness as a skill refers to being mindful of the technology that is recently becoming popular and is readily accepted in the market or industry.

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  • What are Regulatory Credits and How Tesla made it a Business?

    TESLA’s dependence on Regulatory Credits that shot up their revenues in the last four quarters has been yet again under scrutiny and this time the critic is the American investor and hedge fund manager Michael Burry, who’s betting against Tesla and its strategy of monetizing from the regulatory credits. The investor is long puts against 800,100 shares of Tesla, as revealed in the filing with SEC.

    Burry in a tweet (now deleted) said that TESLA’s reliance on regulatory credits to earn more profits concerns him and also bet against the EV maker betting that Tesla shares will go definitely go south.

    In a regulatory filing with the U.S Security and Exchange Commission, Burry revealed a short position against Tesla worth $534 million. “The Big Short” also mentioned that Tesla might be impeding the company’s long-term prospects by relying on profits generated from regulatory credits.

    In this article, we will be exploring what are regulatory credits and how Tesla has made it the company’s alternate medium to generate revenues.

    What are Regulatory Credits?
    How Tesla generates revenue from Regulatory Credits?
    Business Model of Tesla
    How does Tesla Benefit from Regulatory Credits?
    Regulatory Credits in other countries
    FAQ

    What are Regulatory Credits?

    In a pledge to reduce carbon emissions, governments around the world have introduced incentives for electric vehicle manufacturers to develop environmentally friendly, low carbon-emitting cars. Every car manufacturer has to develop a certain number or percentage of eco-friendly cars in order to avail these credits.

    Regulatory Credits are like subsidies provided by the State of California and 13 other US states in the country for regulating factors that are responsible for environmental pollution which include: zero-gas emission, greenhouse gas, clean fuel, and carbon emission.

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    How Tesla generates revenue from Regulatory Credits?

    The governments issue regulatory credits to vehicle manufacturers. Auto manufacturers require to produce a certain number of Zero-emission vehicles (ZEV) to obtain these credits. If they fail to comply at the end of the year, companies are levied with hefty fines.

    Since Tesla has an all EV line-up, it stacks up surplus credits. These credits are tradable and therefore other automakers buy these credits from Tesla to avoid an excessive fine. For example, Fiat Chrysler Automobiles NV has reportedly committed to buying $1.2 billion worth of regulatory credits from Tesla to comply with the new European environmental regulations going into effect from 2021.

    In the last quarters, Tesla’s revenue grew by 46% YOY from $7.38 billion to $10.74 billion. This revenue isn’t just from auto making and leasing cars. A significant portion comes from the sale of regulatory credits.

    Business Model of Tesla

    Tesla has three business segments that generate revenue: Automotives, Energy, Services, and others. Automotive revenue include sales and leasing. Further, under automotive sales, we have new vehicle deliveries, autopilot, supercharger networks, and self-driving cars.

    Another segment under Automotives that fuels the revenues is the sales of regulatory credits. When complied, this figure aggregates Tesla’s total sales revenue.

    Tesla’s regulatory credits sales have been increasing YOY at a CAGR of 57% between 2012 and 2021. A record high for the company, Tesla’s regulatory credit sale revenue rocketed at nearly $1.6 billion last year.

    Tesla Revenue from Regulatory Credits
    Tesla Revenue from Regulatory Credits

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    How does Tesla Benefit from Regulatory Credits?

    Regulatory credits can be availed with zero to a negligible cost and can be sold with a 100% profit margin. Over the decade, Tesla has been stacking up on huge amounts of credits as it has surplus credits over the required compliance. It made $428 million last year’s second quarter from selling regulatory credits alone.

    Regulatory Credits in other countries

    Other than the US states, Tesla has its business in China and Europe who have emission rules along the same lines. China has been steadily progressing in the emission-free cars campaign since 2019 and Tesla is bound to receive the green credits.

    In Europe, the lawmakers stated that the average emission of carbon dioxide from cars must not exceed the limit of 95 grams per kilometer. Europe is aggressively pushing the development of cars that emit less than 50 grams of CO2 per kilometer.

    FAQ

    How does Tesla get regulatory credits?

    Regulatory credits are provided by the State of California and 13 other US states to Tesla.

    What are regulatory credits?

    Regulatory Credits are given by the state and federal government for contributing zero pollution to the environment.

    How much does Tesla make selling carbon credits?

    Tesla sells regulatory credits to other carmakers, Fiat Chrysler Automobiles NV has reportedly committed to buying $1.2 billion worth of regulatory credits from Tesla.

    Conclusion

    In 2020, Tesla reported a regulatory credit revenue of $1.6 billion breaking all prior records. When we look at all the quarterly reports, Tesla seemingly isn’t generating profits from its automotive sales and is rather relying on the sales of regulatory credits which has in fact helped Tesla stay afloat.

    In the fourth quarter of 2020, Tesla’s CFO was asked about the sustainability of revenues coming from regulatory credits for 2021. In an interview with CNBC, he stated “What I’ve said before is that in the long-term regulatory credit sales will not be a material part of the business and we don’t plan the business around that,” he said at that time. “It’s possible that for a handful of additional quarters it remains strong. It’s also possible that it’s not.”

    Tesla’s net profits went south amounting to $600 million without the regulatory credit revenue in its first quarter in 2021.

    Burry and other financial experts are predicting that selling regulatory credits won’t be a winning move for Tesla in the long run as most of the automakers will get into EV line-ups either with the fear of compliance or for the sake of the environment.