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Samsung Leads Smartphone Market With A 22% Market Share

By
Ojukwu Emmanuel
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0

Electronic multinational manufacturing company Samsung is reportedly leading the smartphone market with a 22% market share.

In a recent report by Canalys, an IT-research-focused company, it disclosed that Samsung was the only leading vendor to achieve a quarter-on-quarter recovery and struggled back to the number one spot.

After losing the number one spot to Apple in the fourth quarter (Q4) of 2022, Samsung has reclaimed the top position as the leading smartphone from Apple in the first quarter (Q1) of 2023.

Reports reveal that the Samsung Galaxy S23 was in high demand which saw it sell as much as 70% higher than the Galaxy 22 series in some markets. Also, the S23 Ultra accounted for about 60% of global S23 pre-orders. The Galaxy S23 series has already surpassed 1 million units sold in Samsung’s home country of South Korea.

Also, sales of Samsung’s Galaxy S23 flagship smartphone have outstripped last year’s S22 in a comparative period with the majority of buyers opting for the most expensive version of the device.  Samsung has said that the Galaxy S23 series is recording higher sales worldwide compared to the Galaxy S22. In Europe alone, the sales volume of the Galaxy S23 handsets is 1.5x higher than the Galaxy S22.

In major Latin American markets such as Mexico and Brazil, where sales began a week after the global February 17 launch, the sales volume is 1.7x higher than the predecessor. Similarly, impressive performance has been witnessed in the Middle East and India where the sales volume has been 1.5x and 1.4x higher than the Galaxy S22 respectively.

Executive vice president at Samsung Electronics Patrick Chomet stated that Samsung has committed to “double-digit growth” in the premium segment of its smartphones in 2023, which includes the Galaxy S23 series but also its latest foldable phones which were launched last year.

Occupying the second position on the smartphone market ranking is Apple which dropped to this position with a market share of 21% in terms of sales. However, the tech giant is still considered the number-one brand when it comes to revenue.

On the other hand, Xiaomi held on to the third place with 11% market. OPPO occupied the fourth position with a 10% share, while Vivo sat at the fifth position with an 8% share.

Meanwhile, the global smartphone market endured a tough time last year, as the market was reportedly down 12% compared to a year ago. The report discloses that the decline was due to the high inflation for consumers and local macroeconomic conditions. Analysts predict the smartphone market will get more stable by the end of Q2 2023.

BoundlessPay is working on an offline payment system for unbanked population

By
Ndubuisi Ekekwe
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0

Can they get modern payment to Oriendu Market in Ovim, Abia State? Yes, BoundlessPay, a Nigeria-focused payment platform, is unveiling an offline payment system that will benefit the unbanked population. We’re still at infancy in the digitization of our industries and this process will be decades-long. For close to $420 billion which moves from consumers to companies in Nigeria yearly, more than 85% still happen in cash. Indeed, despite all the efforts, we’re just starting in that sector!

 “It may feel as if everything has gone online, but 90% of purchases still happen in person” – Stripe.

In person. Offline. We’re just starting! #build

BoundlessPay, a Nigeria-focused payment platform, is working on an offline payment system that will benefit the unbanked population.

According to CEO Franklin Peters, the company plans to expand its user-base by offering payment channels that use SMS and email verification. This will speak to those who do not have access to smartphones or constant Internet. The new version of the application is expected to go live by Q2, 2023.

BoundlessPay offers its users a platform to buy, sell, and hold cryptocurrencies through its mobile phone applications both on Android and iOS. It also enables users to send cryptocurrencies to other users through its peer-to-peer (P2P) service, making remittance easy and cost effective.

Boundless Pay Ecosystem

“In our future rollout, if you don’t have a smartphone, a person can pay money to your phone number or email and get a code for withdrawal,” Peters told in an interview with NODO News. Recipients can then cash out through the bank of their choice or BoundlessPay agents. The company plans to increase its agent base from the current 20 to 1,000 as it rolls out its next phase.

“So, it (payment) doesn’t need to go through the National Payment System (NPS),” he says. NPS is the technology that Nigerian banks use to wrap their payments. “This allows us to offer a wide variety of options to our users, while still ensuring that there’s never a downtime in payment processing and settlement.”

BoundlessPay’s innovation around offline payments bridges the financial inclusion gap in the Sub-Saharan Africa, where 55% of people still didn’t have access to a bank account in 2021, according to the World Bank.

“On average, only 5% to 7% of all payment transactions in Africa were made via electronic or digital channels, compared to 50% or more in Turkey, for instance,” a McKinsey report on Future of Payments in Africa.

The growth towards digital payments is likely to be uneven across the continent, the report says. Overall it will depend on infrastructure readiness, e-commerce penetration, mobile-money penetration, and regulation, among other factors, in each market.

How Remittance Pain Gave Way to BoundlessPay

“It’s been a long-standing mission to solve a problem around payment, settlement, and remittances,” Peters says. His experience with the old, time-consuming and expensive remittance services egged him on to look for other ways to send and receive money.

“I came across Bitcoin in 2015, by helping someone remit a million dollars using Bitcoin. I spent just about $1 in fees for that transaction. It was an eye-opener,” he narrates. BoundlessPay was created under Boundless Nexus in 2019 but went live in 2021.

The CEO confirmed that BoundlessPay is serving more than 14,000 users, mostly in Nigeria.

The firm is also targeting commerce transactions for business cases by introducing tools to settle payments in the upcoming version.

It is currently working on a new version of its app to include invoicing, payment links, and bulk payments, according to Peters. The application will be a unified platform for payment tools as opposed to the siloed manner most payment apps do.

Comparing PancakeSwap (CAKE), SushiSwap (SUSHI), Uniswap (UNI), HedgeUp (HDUP) Is Set for Further Price Gains

By
TI Partners
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0

Cryptocurrency investors are always looking for promising projects to invest in, and decentralized exchanges (DEXs) have become increasingly popular. Among the top contenders are PancakeSwap (CAKE), SushiSwap (SUSHI), Uniswap (UNI).

At the same time, HedgeUp (HDUP) is seeing significant gains during its presale, with a potential to 100x.

PancakeSwap (CAKE)

PancakeSwap (CAKE) is a decentralized exchange on the Binance Smart Chain. What makes PancakeSwap (CAKE) popular are its low transaction fees and high-speed transactions.

Moreover, PancakeSwap (CAKE) also has a unique liquidity pool-based token model. Users can stake their tokens in PancakeSwap (CAKE) liquidity pools and earn fees.

PancakeSwap (CAKE) owes its popularity to its user-friendly interface and wide range of features. These include automated market-making, limit orders, and more.

PancakeSwap’s native token CAKE has seen significant growth recently, with its trading volume increasing. This is likely due to investors losing trust in centralized exchanges.

SushiSwap (SUSHI)

SushiSwap (SUSHI) is a decentralized exchange on the Ethereum blockchain. Started as a fork of Uniswap, SushiSwap (SUSHI) has since developed its own unique features.

The platform offers several features, including yield farming, staking, and more. SushiSwap (SUSHI) also uses a liquidity pool-based token model, similar to PancakeSwap (SUSHI).

SUSHI is SushiSwap’s governance token. It enables SushiSwap (SUSHI) users to vote on key decisions related to the platform’s development.

SushiSwap’s Onsen feature is similar to liquidity farming on other platforms, allowing users to earn SUSHI tokens by staking their idle assets. This incentivizes users to provide liquidity to SushiSwap.

Thanks to these incentives, more users came to the SushiSwap (SUSHI) ecosystem. What is more, SushiSwap also has a strong community of developers and users committed to its success.

Uniswap (UNI)

Uniswap (UNI) has become one of the most popular decentralized exchanges in the cryptocurrency space. As such, it accounts for a significant share of trading volume on Ethereum.

What set Uniswap (UNI) apart was its automated market-making (AMM) system to determine the price of tokens. This means that users can trade tokens on Uniswap (UNI) without relying on a centralized order book. Instead, a mathematical algorithm determines prices, based on the balance of assets in the liquidity pool.

Uniswap (UNI) has been successful in attracting liquidity providers due to its ease of use and relatively low fees compared to other exchanges. Moreover, its token, UNI, enables users to have a say in Uniswap’s direction.

HedgeUp (HDUP)

HedgeUp (HDUP) is a revolutionary decentralized investment platform for alternative assets, including fine art, gold, luxury watches, and more. Its innovative features give HedgeUp (HDUP) a range of benefits over other platforms.

Firstly, HedgeUp (HDUP) is accessible to anyone who wants to invest in alternative assets, regardless of their investment experience or financial status. Through its fractionalization approach, HedgeUp (HDUP) makes it easy for users to own a portion of high-value assets, even with a small investment amount. This accessibility allows everyday investors to access investments once available only to the rich. .

Secondly, HedgeUp (HDUP) provides liquidity for several notoriously illiquid markets. By enabling fractionalized sales, owners can find buyers for alternative assets much more easily.

Finally, HedgeUp (HDUP) prioritizes security and transparency, utilizing blockchain technology to ensure that users’ investments are safe and secure. All alternative assets are stored in a licensed and insured vault. Moreover, crypto auditing firm Solidity Finance audited HedgeUp’s smart contract.

These features are making investors jump on HedgeUp’s token. HedgeUp (HDUP) has already increased 44% since the presale started, and it could increase as much as 1000% before it is over.

For more information on HedgeUP click the links below:

Presale Sign Up: https://app.hedgeup.io/sign-up

Official Website: https://hedgeup.io

Community Links: https://linktr.ee/hedgeupofficia

Netflix Long-Awaited Crackdown on Password Sharing to Commence This Summer in The U.S.

By
Ojukwu Emmanuel
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0

Streaming Media service company Netflix will commence its long-awaited crackdown on password sharing in the U.S. this summer.

The company is set to commence the password-sharing crackdown after it fell short of analysts’ expectations for the first quarter of the year. However, it reported higher-than-expected earnings of $2.88 per share in Q1, while analysts had predicted a $2.86 per share.

During the first quarter, in its quest to boost its revenue, Netflix planned to roll out its paid-sharing features in the U.S, the company now says it will start rolling out the change, an update designed to convert account sharers into paying users, on or before June 30, 2023. U.S. subscribers can now expect to see the paid sharing plans implemented in the coming weeks which will mandate users to pay another fee for others to use the same account.

Earlier this year the company kicked off its password sharing in various markets, which include Canada, New Zealand, Portugal, and Spain. Netflix notified account holders in these markets that if someone they do not live with uses their account, they will be alerted to buy an extra member. Netflix says it will allow up to two extra members per account, and its fee per extra user varies by country.

Following the rollout of the paid-sharing feature in the four countries above-mentioned, the company was however pleased with the results in the first quarter (Q1). It said in a statement, “In Q1, we launched paid sharing in four countries and are pleased with the results,” Netflix is quoted as saying in a shareholders call “We are planning on a broad rollout, including in the U.S., in Q2.”

Reports reveal that many Netflix subscribers have disclosed plans to cancel their subscriptions when the paid sharing plans are activated. This doesn’t come as a surprise, as Netflix is still hell-bent and confident moving forward with it’s paid-sharing plans. The company is ecstatic with how impressive this feature has been in Latin American countries last year.

The company said, “As with Latin America, we see a cancel reaction in each market when we announce [paid sharing plans], which impacts near-term member growth,” the company stated. “But as borrowers start to activate their own accounts and existing members add ‘extra member’ accounts, we see increased acquisition and revenue.”

Analysts predict that Netflix paid password sharing, and limiting the number of shared accounts could boost the streaming giant revenue by 3% and add an incremental $1.6 billion in global revenue annually. Also, wall street analysts are bullish on Netflix’s move to monetize password sharing as they suggest it would be a growth game changer, opining that the strategy cannibalizes full-ride member growth.

Sparklo (SPRK)’s new presale momentum can overtake cryptocurrencies such as Synthetix (SNX)

By
TI Partners
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0

The savviest cryptocurrency investors will know the value of diversification and will typically follow the overall market narrative in order to make a well-educated decision as to in which direction they will want to move their portfolio and holdings.

Sparklo is one of the latest presale-stage projects that has grabbed a lot of attention as it introduces fractionalized NFT ownership of precious metals. With projects such as Synthetix (SNX) losing their value, traders and investors are beginning to diversify.

Synthetix (SNX) Publishes Quarterly Report for Q1, 2023

On April 18, 2023, Synthetix (SNX) published its quarterly reports, where some of the highlights included an increase in the overall daily traders, daily volumes, and prices. The total volume was estimated at $3,744,745,324 based on the report.

Despite the bullish outlook for the cryptocurrency, in the last 24 hours, Synthetix (SNX)  decreased in value by 1.1%. In the last year, Synthetix (SNX)  has been down by 44.2%. As of April 19, 2023, Synthetix (SNX)  is trading at $2.90. If it goes under this price point, investors and traders are worried that Synthetix (SNX)  could be headed toward the red zone.

As such, aside from Synthetix (SNX), they are also eyeing Sparklo, which can overtake it in terms of popularity and growth.

Sparklo (SPRK) will be the first investment platform for fractional investment in precious metals.

As some of the most experienced investors are aware, getting into the early stages of a solid project, where significant gains can be made, is an essential part of outweighing the losses experienced elsewhere.

Sparklo will create the first alternative-investment platform that is purpose-built to facilitate investments in precious metals such as silver, gold, and platinum.

However, Sparklo does this a bit differently. Instead of investors needing to buy an entire gold bar, for example, they can just buy a fraction of it. This is possible due to the implementation of fractionalized non-fungible tokens (NFTs).

Future of The Web3 Space

The Sparklo platform has passed its audit with InterFi Network. The liquidity will be locked for 100 years, and as such, it will be safe for investors.

Significant gains in value can be made by those who invest in it early, as its price throughout the level one presale stage is at just $0.015. Analysts predict that it can spike by 4,000% in the upcoming months, meaning there is a lot of room for growth.

We strongly believe that this project showcases a promising investment opportunity, and anyone can check it out below to learn as much about it as possible.

Find out more about the presale:

Buy Presale: https://invest.sparklo.finance

Website: https://sparklo.finance

Twitter: https://twitter.com/sparklo_finance

Telegram: https://t.me/sparklofinance

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