Indian fintech start-up funding fell 47% in 2022, says Tracxn report

by Hansraj Agrawal | Jan 22, 2023 | Technology

Fintech start-ups in India raised a total of $5.65 billion in 390 rounds in 2022, a decline of 47 per cent in terms of funding amount and 29 per cent in the number of rounds, compared with 2021, according to a report by Tracxn, a market intelligence platform. The drop in funding, the report says, can be attributed to the decline in late-stage funding from $8.3 billion in 2021 to $3.7 billion in 2022, a 56 per cent fall.

Fintech start-ups recorded 13 funding rounds of over $100 million in value, a 50 per cent decline from 26 rounds in 2021. Further, only four such start-ups received unicorn status in 2022, compared with 13 in 2021. Yet, India received the third-highest amount of funding in the fintech sector, behind only the US and the UK.

Growth in the space was expected to continue in the long run, propelled by a large unbanked population and rising mobile phone usage, the report added.

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iPhone 15 Pro likely to feature ultra-thin curved bezels, says report

by Hansraj Agrawal | Jan 22, 2023 | Technology

The iPhone 15 Pro models will reportedly feature ultra-thin, curved bezels compared to the iPhone 14 Pro models.

A leaker named ShrimpApplePro shared the information on Twitter, in which it said, “Pro 15 will have thinner bezels with curve edges, display is still flat tho, only the bezels is the curve”.

Moreover, it also mentioned that all iPhone 15 series will feature the same display sizes as iPhone 14 series.

According to a source speaking to the leaker, this combination of slimmer bezels and curved edges could create the same effect as on Apple Watch.

Meanwhile, iPhone 15 Pro Max may also feature a periscope folding zoom camera, although it will only be included in the top-end iPhone model.

Earlier, the tech giant was expected to include a folding zoom camera system in the iPhone 14 range, reports AppleInsider.

However, according to unspecified industry sources, a major supplier of mobile camera modules LG Innotek and camera module parts maker Jahwa Electronics will both provide this system for the iPhone 15 Pro Max.

A folding zoom camera system is likely to not make a visible difference to the exterior of the iPhone, and will not necessarily reduce the camera bump.

–IANS

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Big-tech firms should share revenue with digital news publishers: I&B Secy

by Hansraj Agrawal | Jan 21, 2023 | Technology

Information and Broadcasting Secretary Apurva Chandra made a strong pitch for big-tech aggregators to share a part of their revenue with publishers of digital news, who generate original content.

In a message sent to the Digital News Publishers Association (DNPA) conference on Friday, Chandra said Australia, Canada, France and European Union have already taken the initiative through their legislatures and strengthened their competition commissions to ensure a fair split of revenue among the creators of news content and the aggregators.

For the growth of the news industry, it is important that the digital news platform of all these publishers which are the creators of original content get a fair share of the revenue from the Big Tech platforms which act as an aggregator of the content created by others, he said in a message to the DNPA conference.

Chandra said that post-COVID, there have been issues regarding the financial health of not just the digital news industry, but also the print news industry.

It is clear that if the traditional news industry continues to be negatively impacted, the future of journalism, our fourth pillar, is also hit. Thus, this is a question of journalism and credible content as well, he said.

Chandra said the traditional news industry has a history of service to the nation.

I understand that they have in place adequate systems of checks and balances to ensure that correct and factual news flows out and are a good example of our stated policy of self-regulation, he said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Apple ordered 4 sizes of OLED displays for iPad Pro, MacBook Pro: Report

by Hansraj Agrawal | Jan 21, 2023 | Technology

Tech giant Apple has reportedly ordered four different sizes of OLED panels which are likely to be featured in the upcoming iPad Pro and MacBook Pro.

The iPad Pro is expected to be released with an OLED screen by 2024, reports AppleInsider.

However, the MacBook Pro with an OLED screen is likely to be released in 2026.

It is expected that there might be two companies with the project, including both Samsung and LG Display.

The displays ordered by the iPhone maker are expected to be — 10.86 inches for iPad Pro, 12.9 inches for iPad Pro, 14 inches for MacBook Pro and 16 inches for MacBook Pro.

“There are various panel development from 10 inches to 16 inches in progress,” an unnamed source mentioned.

Moreover, the tech giant has ordered a 20.25-inch OLED screen, which it describes as “foldable”, the report said.

Last week, analyst Ming-Chi Kuo had also predicted that MacBook with an OLED display would be released before the end of 2024.

–IANS

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Samsung India eyes 75% sales from 5G smartphones this year: Details here

by Hansraj Agrawal | Jan 21, 2023 | Technology

Samsung India on Thursday said it will have a 5G-first strategy in India to consolidate its smartphone leadership in the country, eyeing to capture 75 per cent sales from its 5G device portfolio this year.

The South Korean company launched two new 5G smartphones — Galaxy A14 5G and Galaxy A23 5G — that will go on sale on Friday.

“We will not only launch more 5G smartphones but also ensure wider distribution of our 5G smartphones in the country with the objective of securing 75 per cent sales from 5G devices this year,” Raju Pullan, Senior Vice President, Mobile Business, Samsung India, told IANS.

Pullan said that their smartphone business grew in excess of 20 per cent last year, helping them consolidate their market share.

“This year, we expect to grow in strong double-digit, while industry sales are likely to grow in single digit. We’re confident about our growth on account of our 5G-first strategy,” he added.

Samsung led the India market in 5G smartphone shipments last year.

According to Counterpoint Research, cumulative 5G smartphone shipments are set to exceed 4G smartphone shipments by the end of 2023.

Better availability of networks in major areas will also facilitate 5G smartphone growth in 2023, which is estimated to be 62 per cent (on-year).

The key for mass 5G adoption in India will majorly depend on the introduction of 5G smartphones in the affordable smartphone segment (less than Rs 10,000).

Samsung said that Galaxy A14 5G and Galaxy A23 5G, priced between Rs 15,000 and Rs 25,000, will be the most widely distributed smartphones in the country.

Pullan said Samsung’s A series portfolio will have 1.6x higher 5G devices than last year.

The company said that its affordability programs through Samsung Finance+ ensure that consumers can buy 5G smartphones at the same EMI as a 4G phone, helping drive the 5G smartphone adoption in the country.

Galaxy A14 5G comes with 6.6-inch FHD+ screen and Galaxy A23 5G ensures an immersive content viewing experience.

Galaxy A23 5G’s 120Hz refresh rate enables smooth scrolling and fluid screen transitions. Both phones come with 5000mAh battery and 50MP camera sensor.

–IANS

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Instagram overfocused on videos, reels last year, says Chief Mosseri

by Hansraj Agrawal | Jan 21, 2023 | Technology

The head of Instagram, Adam Mosseri, thinks that traditional photo posts suffered last year because of the platform’s lopsided emphasis on videos and reels.

While answering a question from his weekly Q&A about photographers ‘losing faith’ in Instagram as a platform for showcasing their work, Mosseri mentioned, “I think we were overfocused on video in 2022 and pushed ranking too far and basically showed too many videos and not enough photos,” reports The Verge.

According to Mosseri, the company has since been working behind the scenes to restore a more equitable balance, and internal analytics indicate that it is effective.

“Things like how often someone likes photos versus videos and how often someone comments on photos versus videos are roughly equal, which is a good sign that things are balanced,” Mosseri mentioned.

“To the degree that there is more video on Instagram over time, it’s going to be because that’s what’s driving overall engagement more. But photos are always going to be an important part of what we do,” he added.

During the Q&A, Mosseri also addressed spam on the platform, which is still a constant concern, the report said.

“We definitely have spam and bots on Instagram. We’re doing our best to reduce it. I’m particularly worried about comments right now; it’s something that we’re actually actively looking into and hope to improve over the course of the year,” he said.

–IANS

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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