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Tag: Performance

  • OMG Group Shatters Sales Record: Stellar November Performance Bolsters Year of Phenomenal Growth

    OMG Group Shatters Sales Record: Stellar November Performance Bolsters Year of Phenomenal Growth

    In November, Australian health and wellness firm OMG Group reported its highest sales ever, surpassing the previous monthly revenue record by 20% with $720,000 in sales. This figure represents a 40% increase in sales compared to the same period in the previous year. According to OMG Group, this growth can be attributed to the expansion of their physical distribution networks and e-commerce channels. Blue Dinosaur and Oat Milk Goodness are among the company’s portfolio brands.

    Financial Year Sales

    In the financial year which ended on June 30, OMG Group achieved sales of $2.65 million, marking a 68% increase from the same period the previous year. On Black Friday, sales from Blue Dinosaur, one of the company’s brands, surpassed $318,000. This is the second-highest e-commerce total in the brand’s history and represents a 56% increase year-on-year.

    Future Growth Projections

    OMG Group is optimistic that this growth momentum will carry on through the Christmas period, following its ‘Summer of Cricket’ marketing campaign. The company believes this campaign presents a unique opportunity to leverage its market position. Furthermore, following the rise in sales across Woolworths stores, OMG Group is actively exploring opportunities to extend its physical stocking agreements to petrol and convenience stores across Australia.

    CEO’s Statement

    Alex Aleksic, the CEO of OMG Group, expressed his enthusiasm about the company’s performance. He said, “Announcing another record monthly sales result ahead of a potentially high-demand summer period is a clear demonstration of the robustness of our multi-channel brand portfolio.” Aleksic added that alongside the increasing momentum with major Australian retail partners, the company’s e-commerce business is generating over $2 million of annual turnover and is consistently on a growth path.

    Questions & Answers

    What were OMG Group’s sales in November?
    OMG Group’s November sales were its highest ever, with $720,000 in sales, surpassing its previous monthly revenue record by 20%.

    What is the projected growth for OMG Group?
    The Company expects to maintain its positive growth momentum through the Christmas period and beyond. This optimism is fueled by the success of its ‘Summer of Cricket’ marketing campaign and plans to expand its physical distribution networks.

    What is the status of OMG Group’s e-commerce business?
    OMG Group’s e-commerce business is generating over $2 million of annual turnover and continues to grow consistently. This growth is driven by the success of portfolio brands such as Blue Dinosaur.

  • Rakuten Shatters Records with Stellar Q3 Performance: Returns to Profit After Six-Year Hiatus

    Rakuten Shatters Records with Stellar Q3 Performance: Returns to Profit After Six-Year Hiatus

    After a six-year hiatus, Rakuten, a well-known e-commerce platform in Japan, has made a successful return to profitability. This significant achievement is attributed to the consistent growth seen across all primary business sectors and an all-time high revenue figure reported in the third quarter.

    During this year’s third quarter, Rakuten’s consolidated revenue saw an increase of 10.9% compared to the previous year, hitting a milestone of US$4 billion. This marks the highest level of Q3 revenue ever reported by the company.

    In terms of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation), Rakuten reported a record-breaking figure of $767 million. The company also managed to generate $8 million in operating profits throughout the first nine months of this fiscal year.

    Rakuten’s domestic e-commerce wing recorded a 14.5% increase in gross merchandise sales, amounting to $11 billion. This increase was primarily fuelled by a sustained demand for services.

    The company’s International business unit also reported favourable figures. Its revenue increased by 5.4% year on year, reaching $486.9 million, and its operating income rose sharply by 78.8% to $4.2 million.

    Several factors contributed to this growth, including increased sales of devices and content through Rakuten Kobo, a spike in communications and advertising revenue from Rakuten Viber, and a decrease in losses in the international advertising business.

    Rakuten’s improved financial stability and better credit metrics have positively impacted its rating outlook. The firm’s objective is to further improve its credit while maintaining medium-term financial stability. As explained by the company, its strategy involves building a stable financial base and enhancing its corporate value through cautious capital allocation.

    Questions & Answers

    What led to Rakuten’s return to operating profit after six years?
    Rakuten’s return to profitability can be attributed to the consistent growth across all major business sectors and record-breaking revenue in the third quarter of this fiscal year.

    What factors contributed to the company’s growth?
    The growth was due to increased sales of devices and content through Rakuten Kobo, higher communications and advertising revenue from Rakuten Viber, and a decrease in losses in the international advertising business.

    What is Rakuten’s strategy for maintaining its financial stability?
    Rakuten plans to maintain its financial stability by enhancing its credit further, constructing a stable financial base, and increasing corporate value through judicious capital allocation.

  • Surging Demand for Lifestyle Footwear Propels Asics to Stellar Q3 Performance

    Surging Demand for Lifestyle Footwear Propels Asics to Stellar Q3 Performance

    Asics, the Japanese sportswear giant, has reported robust performance in both the third quarter and the overall nine-month period ending 30th September. This upturn is largely credited to growing demand for lifestyle-centric footwear and a steady flow in its key running sector.

    Surge in Q3 Sales

    The third quarter saw net sales soar to ¥218.5 billion (approximately $1.4 billion), marking a 17 per cent increase from the previous year’s corresponding period. Operating profit also witnessed a significant surge, reaching ¥46.2 billion ($298.9 million), a 38.5 per cent hike.

    Nine-month Period Profit

    During the nine-month period in question, Asics’ net sales touched ¥625.1 billion ($4.04 billion), a rise of 19 per cent from the same span the previous year. This, as the company revealed, was a first-time occurrence in nine months. The period also saw operating profit leap by 39.4 per cent, hitting ¥127.6 billion ($825.8 million), and gross margin bettering by 1.1 percentage points to land at 56.5 per cent. This surge is reflective of a beneficial product mix and an increase in direct-to-consumer sales.

    Driving Factors

    The upward trend in both periods was primarily driven by Asics’ SportStyle and Onitsuka Tiger lines, which registered about 45 per cent rise in net sales. The company’s core running products also maintained a steady pace, backed by continuous innovation and consumers’ propensity for premium footwear.

    Geographical Performance

    Region-wise, Japan, North America, and Europe emerged as the top performers with sales up by 34.5 per cent, 10.2 per cent, and 24 per cent respectively. Greater China also displayed robust growth, recording a 20.6 per cent increase.

    In a recent move, the company opened its first company-owned store in India’s Delhi metropolitan area and broadened its direct-to-consumer channel as a strategy to boost growth in the market.

    Factors Behind the Upturn

    Asics attributes its impressive results to strong product demand, disciplined inventory management, and efficient supply chain operations. However, the company also warned that it would need to keep an eye on currency fluctuations and high logistics costs as potential challenges in the coming quarter.

    Questions & Answers

    What led to the surge in Asics’ Q3 sales?
    The Q3 sales surge was primarily due to rising demand for lifestyle-centric footwear and consistency in the running segment.

    Which Asics product lines largely contributed to the sales increase?
    The sales uptick was mainly due to the SportStyle and Onitsuka Tiger lines, which reported around a 45 per cent increase in net sales.

    Which geographical areas showed significant sales growth for Asics?
    Japan, North America, and Europe were the standout performers, with Greater China also showing substantial growth.

  • Mcredit’s B+ Rating Affirmed by Fitch Ratings, Highlighting Strong Financial Performance and Digital Transformation Progress

    Mcredit’s B+ Rating Affirmed by Fitch Ratings, Highlighting Strong Financial Performance and Digital Transformation Progress

    Fitch Ratings, a globally recognized credit rating agency, has once again affirmed the Long-Term Issuer Default Rating (IDR) of MB Shinsei Consumer Credit Finance Limited Liability Company (Mcredit), maintaining it at B+ with a stable outlook. This represents the second consecutive year Mcredit’s long-term credit rating has been upheld at this level.

    Steady Financial Foundation

    In a previous assessment in June 2025, the Vietnam Investment Credit Rating Joint Stock Company conferred an A- long-term issuer rating on Mcredit. This underlined Mcredit’s firm financial base, consistent market standing, and escalating acclaim within Vietnam’s consumer finance landscape.

    Fitch’s rating highlights the consistent backing from Mcredit’s two strategic shareholders, the Military Commercial Joint Stock Bank (MB) and SBI Shinsei Bank based in Japan. This collaboration has not only bolstered the company’s financial stamina and fostered transparent governance, but it has also encouraged a mutual emphasis on sustainable growth and digital innovation.

    Focus on Digital Transformation

    In response to evolving market trends, Mcredit has accelerated its comprehensive digital transformation in recent years. By effectively utilizing its strategic ecosystem – which includes partners like MB, MoMo, Viettel, and ZaloPay – Mcredit has been able to broaden its customer reach and diversify its offerings.

    This tactical approach has resulted in robust operational performance and sustained growth. In the first half of 2025, Mcredit reported a 31% year-on-year increase in total operating income. Profit before tax grew 11%, and the cost-to-income ratio (CIR) saw a 5.4 percentage point improvement compared to the previous year.

    Positive Ratings Reaffirm Business Strategy

    The favorable assessments Mcredit received from both Fitch Ratings and the Vietnam Investment Credit Rating Joint Stock Company underscore the company’s strong risk management, sustainable business strategy, and prowess in digital innovation. These ratings have further boosted market confidence for customers, partners, and investors both within Vietnam and internationally.

    Questions & Answers

    What is Mcredit’s Long-Term Issuer Default Rating (IDR) as affirmed by Fitch Ratings?
    Mcredit’s Long-Term Issuer Default Rating (IDR) has been affirmed as B+ with a stable outlook by Fitch Ratings.

    How have Mcredit’s strategic partnerships contributed to its operations?
    Mcredit’s partnerships have contributed to the company’s robust financial status, transparent governance, and focus on sustainable growth and digital transformation. They have also helped the company diversify its offerings and expand its customer base.

    What are some of Mcredit’s recent operational performance metrics?
    In the first half of 2025, Mcredit reported a 31% year-on-year increase in total operating income. Additionally, profit before tax rose 11%, and the cost-to-income ratio (CIR) improved by 5.4 percentage points compared to the previous year.

  • Skoda Celebrates 25 Years In India With Limited Edition Octavia Rs Launch

    Skoda Celebrates 25 Years In India With Limited Edition Octavia Rs Launch

    Skoda Auto India is celebrating its 25th anniversary with the launch of the highly-anticipated Skoda Octavia RS. The performance saloon will be available in limited quantities and will be brought to the Indian market through the Completely Built-Up (CBU) route. The vehicle is priced at Rs 49.99 lakh (ex-showroom) and has been much sought after by Indian auto-enthusiasts, building on its legacy since its debut in 2004.

    The Launch Statement

    Ashish Gupta, Brand Director of Skoda Auto India, expressed his excitement at the launch of the Octavia RS. He emphasized the overwhelming response the car has received and its ability to ignite the passion of driving enthusiasts across India. As Skoda celebrates 25 successful years in India, its commitment to delivering world-class cars is stronger than ever, and the RS badge stands as a testament to this. Gupta further expressed excitement to welcome a new generation of enthusiasts into the Skoda family, building on the strong legacy that defines the brand.

    Performance Features of Skoda Octavia RS

    Beneath the hood, the Octavia RS boasts a 2.0 TSI turbocharged petrol engine that delivers peak power output of 265 Hp and max torque of 370 Nm. This power is delivered to the wheels through a seven-speed DSG automatic transmission, enabling the car to accelerate from 0 to 100 kmph in a mere 6.4 seconds. The top speed is electronically limited at 250 kmph.

    Design Features of Skoda Octavia RS

    The Octavia RS embodies Skoda’s bold design aesthetics, featuring full LED Matrix headlights, LED tail lamps with dynamic indicators, and sleek black styling elements. With its 19-inch Elias anthracite alloy wheels and low-profile 225/40 R19 sports tyres, the car exudes an unmistakably sporty, aggressive stance. The Octavia RS combines sleek proportions with practicality, offering segment-leading boot capacity and five vibrant colour options.

    Interior Features of Skoda Octavia RS

    The interior of the Octavia RS strikes a harmonious balance between sportiness and luxury. It features Suedia/Leather upholstery with red contrast stitching, sports front seats with advanced adjustability, heating, and massage functions along with ambient lighting. Customers will also benefit from three-zone climate control, wireless charging, and a state-of-the-art infotainment system compatible with Android Auto and Apple CarPlay.

    Safety Features of Skoda Octavia RS

    The Octavia RS is equipped with state-of-the-art safety features including Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Lane Assist, and Intelligent Park Assist. The car also includes 10 airbags, a 360-degree Area View camera, ISOFIX child seat mounts, a Head-Up Display, and advanced driving stability systems.

    Warranty

    In line with all Skoda models, the Octavia RS comes with an industry-leading ownership package, including a 4-year/100,000 km warranty.

    Questions & Answers

    What is the price of the Skoda Octavia RS?
    The Skoda Octavia RS is priced at Rs 49.99 lakh (ex-showroom).

    What is the top speed of the Skoda Octavia RS?
    The top speed of the Skoda Octavia RS is electronically limited at 250 kmph.

    What safety features does the Skoda Octavia RS offer?
    The Octavia RS comes equipped with state-of-the-art safety features including Adaptive Cruise Control (ACC), Autonomous Emergency Braking (AEB), Lane Assist, and Intelligent Park Assist, among others.

  • Levi Strauss & Co. Sees Robust Q3 Growth Driven By Direct-to-consumer Sales Surge

    Levi Strauss & Co. Sees Robust Q3 Growth Driven By Direct-to-consumer Sales Surge

    Levi Strauss & Co. continues to prove its strength in the retail industry, experiencing significant profit in the third quarter. The primary factor driving this growth is the double-digit increase in sales through the company’s direct-to-consumer (DTC) channel.

    Financial Performance

    By the end of the third quarter on August 31, the firm’s net revenues had reached $1.5 billion, showing a 7% rise year-on-year. This growth is consistent in both reported and organic terms. Sales in the Americas, Asia, and Europe also saw considerable increases, with 6%, 12%, and 5% respectively. Specifically, the U.S. saw a 3% increase in sales, reflecting the company’s strong presence in the domestic market.

    The DTC channel played a significant role in this surge with net revenues increasing by 11% as per reported data and 9% organically. This is attributed to a 7% jump in the U.S., a 4% rise in Europe, and a staggering 14% surge in Asia. Meanwhile, wholesale net revenues also observed an uptick, though at a slower pace, with a 3% rise in reported terms and a 5% increase organically.

    Profit and Future Strategy

    The company’s operating margin saw remarkable growth, reaching 10.8% from the previous year’s 2.3%. The gross margin also improved by 110 basis points to a robust 61.7%. The driving factors for this improvement were a favorable channel mix and price increases, which were slightly offset by the effects of import tariffs.

    The net income from continued operations, excluding the Dockers business, stood at $122 million, a significant increase from last year’s $23 million. The company also successfully sold the Dockers intellectual property and operations in the U.S. and Canada for $194.7 million as of July 31. The remaining operations are projected to be sold in the first quarter of the upcoming year.

    The President and CEO of Levi Strauss & Co., Michelle Gass, lauded the company’s impressive performance, attributing it to the strategic shift towards becoming a DTC-first, comprehensive denim lifestyle retailer. Despite the complex macroeconomic environment, Gass expresses optimism about the company’s ability to sustain this profitable growth well into 2026 and beyond.

    Expectations for the Coming Year

    Levi Strauss & Co. has revised its full-year guidance upward, predicting a 3% increase in net revenues. This is a significant rise from the 1-2% growth forecast provided in the second quarter. This prediction assumes that import tariffs from China will remain at 30% and the rest of the world at 20%.

    Questions & Answers

    What was the primary driver behind Levi Strauss & Co’s growth in the third quarter?
    The key driver was the double-digit growth in sales from the company’s direct-to-consumer (DTC) channel.

    What led to the improved operating margin of Levi Strauss & Co.?
    The improvement in operating margin was driven by a favorable channel mix and price increases, partially offset by the impact of tariffs.

    What are Levi Strauss & Co.’s growth expectations for the upcoming year?
    For the coming year, the company predicts a 3% increase in net revenues, assuming that import tariffs remain the same.

  • AirAsia sets best performance

    AirAsia sets best performance

    Airasia Philippines has recorded its best performance yet since the Covid-19 pandemic hit in 2020, its officials said yesterday.

    Topping the list of AirAsia’s most preferred domestic flights within the peak Christmas travel period between December 20 to January 05 are Manila to Caticlan with 24 percent of total passenger booking, Manila to Tacloban with 15 percent, and Cebu to Manila with 14 percent.

    The recently resumed Hong Kong to Manila route, meanwhile tops the list of the airline’s current international flights.

    “We believe that it is important we enable our kababayans to travel to see their loved ones this holiday period to help boost their morale and make their Christmas celebrations even more special after almost two years of battling and living in a global health crisis. We look forward to increasing our flight frequencies and broadening our destinations as the situation improves. But for now, we are thankful to be among the preferred airlines of Filipino travelers,” AirAsia Philippines Spokesperson Steve Dailisan said.

    Dailisan said the significant rise in flight bookings is attributed not only to the relaxing of protocols but also to the longing of Filipinos to be with their families this Christmas season — some of whom have not seen each other for almost two years

    He said they continue to by strict safety protocols mandated by the government and as advised by medical experts

    “Guests are asked to follow implemented stringent safety measures on ground and in flight, such as physical distancing and the wearing of face masks,” Dailisan said.

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  • Porsche Setting Up Battery JV With Customcells For An EV Future

    Porsche Setting Up Battery JV With Customcells For An EV Future

    Porsche has made waves around the world with its Taycan and Taycan Cross Turismo EVs which have been dubbed as the most driver-centric EVs in the world, more so than even Tesla’s groundbreaking vehicles. To further an electrified future, like all things Volkswagen group, it is forming a joint venture with Customcells that will create high-performance batteries that will significantly reduce charge times.

    Like Porsche, Customcells is also a German company hailing from the Southern German region specializing in lithium-ion batteries aiming to create packs that have higher energy density than what Porsche is already using in cars like the Taycan.

    More importantly, it is part of a broadened push towards enhancing the battery supply chain in Europe which is currently dominated by Asia. The Volkswagen group has been making huge investments in this space as the EU has stricter emissions norms which means European manufacturers have to go green faster than automakers around the world.

    One of the keys to achieving better battery efficacy is enhancing the energy density which in turn results in less raw material being used. It will also cut battery production costs and help make electric cars more affordable.

    As a part of the JV, Porsche doesn’t disclose its investment but does say it is a number upwards of 10 million Euros and it holds an 80 percent stake in the venture. The production facility in the equation will have an aim to deliver 100 kWh of capacity which could service about 1000 cars per year. This is a tie-in from what Porsche chief executive officer Oliver Blume said in April which was indicative of the legendary German sports cars marquee ramping up its e-mobility plans for a German factory in Tuebingen for battery production. It so happens this JV with Customcells is based in Tuebingen.

    Porsche parent, Volkswagen has even broader plans of building 6 battery cell plants across Europe and expand its infrastructure for the charging of electric vehicles.

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  • Starhub reports $30.5 million net profit in 1Q2021

    Starhub reports $30.5 million net profit in 1Q2021

    StarHub announced its business performance update for the quarter ended 31 March 2021. Total revenue for 1Q2021 was $487.1 million, service EBITDA was $115.4 million while net profit attributable to shareholders (“Net Profit”) was $30.5 million.

    Total revenue declined 3.8% in 1Q2021 compared to the equivalent period a year ago due mainly to COVID-19 impact. Service EBITDA declined 8.2% lower year-on-year to $115.4 million in tandem with lower revenues, offset by lower operating expenses and higher other income. net profit for the quarter declined 24.0% YoY.

    StarHub’s balance sheet remains healthy with 1Q2021 free cash flow of $97.4 million and a lower net debt to EBITDA ratio of 1.29x as at 31 March 2021 compared to 1.41x as at 31 December 2020.

    Commenting on the results, StarHub’s Chief Executive, Nikhil Eapen, said, “While the first quarter of 2021 remains challenging with ongoing travel restrictions and headwinds from the global pandemic, we remained focused on our strategic and transformation objectives.”

    “We are pleased to see stabilization on a quarter-on-quarter basis for our Pay-TV and Broadband segments, while competition remained intense in the Mobile segment. Strategically, we remain focused on driving differentiation with rich content and entertainment experiences delivered over our superior network to bring unique value to customers. This has resulted in growth over the last quarter for our 5G Mobile+ plans and enhanced OTT content offerings.”

    “Our Enterprise business has observed increased business activity in 1Q2021 as deferred projects in 2020 are re-committed for 2021 and beyond. Concurrently, we continue to position for growth in the areas of 5G, IoT, and Cloud with the launch of our 5G IoT partnership with Software AG during the quarter and our award of the Microsoft Gold certification that will bolster our capabilities to offer innovative digital solutions to customers.”

    “Meanwhile, we continue to execute on our cost transformation program, optimizing discretionary operating expenditures, driving greater internal efficiencies, and evolving our business models. The 5G standalone network rollout that commenced in 4Q2020, as well as our multi-year IT and Digital Transformation program that started in 3Q2020 are both progressing well. We actively seek opportunities to capitalize on these investments and build an agile digital platform to secure StarHub’s sustainable growth and competitiveness.”

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  • Porsche Introduces 2 New e-Bikes

    Porsche Introduces 2 New e-Bikes

    We all knew Porsche as the carmaker but now the company is expanding its range of e-mobility products by introducing 2 new ebikes. Available in Europe for now, the Porsche eBike Sport and the Porsche eBike Cross are the first e-bikes from the carmaker. The full-suspension carbon frame featuring an organic shape inspired by the lines of the Porsche Taycan, the powerful, latest-generation Shimano motor and the Magura high-performance brakes are just three of the features that ensure top performance. Both models were developed in collaboration with eBike expert Rotwild and are manufactured in Dieburg, Germany.

    The Porsche eBike Sport is perfect for daily rides, whether in the city or countryside, on the way to work or enjoying some free time. The new, powerful and ultra-compact Shimano EP8 motor, which provides motor support up to 25 kmph, and Shimano electronic gear shifting system guarantee optimum performance.

    Thanks to the Magura high-performance brakes that are integrated into the handlebars, the Porsche eBike Sport has a clean and compact cockpit. The elegant and puristic design is emphasized by M99 LED lights from lighting specialist Supernova, which are embedded in the handlebar stem and aerodynamic seat post. In addition, high-quality suspension components such as the Magura upside-down suspension fork and the Fox rear shock absorber, in combination with smooth-running tires, provide a sporty and balanced ride on asphalt or gentle terrain.

    The Porsche eBike Cross is at home in the countryside, off the beaten path and away from roads. The powerful motor, newly developed by Shimano, demonstrates its full ability in difficult terrain and delivers maximum performance while maintaining a natural riding sensation. The Magura-MT Trail high-performance brakes have extra-large, heat-resistant brake discs that ensure optimum deceleration, while the mechanical Shimano XT 12-fold shifting system enables fast gear changes according to the rider’s needs and the terrain.

    The hydraulically adjustable Crankbrothers Highline seat post ensures the seat can be quickly adjusted to varying degrees in order to find the perfect position. The ergonomically designed handlebars guarantee full control at all times. They feature the Shimano color display, which shows not only speed but also distance and range in real-time. The clean design is rounded out by a full-suspension carbon frame, which perfectly combines the spirit of adventure with style.

    Both models were inspired by the sporty character of the Porsche Taycan. The wheels draw inspiration from the naturally shaped carbon frame of the vehicle’s fly line. The elaborate design, developed by Studio F. A. Porsche, ensures optimum reflection of light.

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  • Apple agrees to notify users when iOS updates impacts performance

    Apple agrees to notify users when iOS updates impacts performance

    Following the last year debate about whether or not Apple should have informed consumers that some of its updates will slow down their iPhones, the UK Competition and Markets Authority kicked off an investigation to learn more about the matter.

    The investigation only started after Apple admitted that the iOS update it pushed in late 2017 throttled down the performance of older iPhones. Fast forward more than one year and it looks like the UK government and Apple have found common ground. Apple has officially agreed to notify consumers when an iOS update will affect the performance of their iPhones.

    To ensure compliance with consumer law Apple has formally agreed to improve the information it provides to people about the battery health of their phones and the impact performance management software may have on their phones.

    The official statement on UK government’s website also mentions that Apple has agreed to provide easily accessible information about battery health and unexpected shutdowns, which the company has already done, along with guidance on how iPhone users can optimize the health of their phone’s battery.

    Everything that Apple agreed to applies both for current and future iPhones. In case any of the commitments made by Apple will be breached at any time in the future, the company could be sanctioned by the CMA (Competition and Markets Authority).

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  • Hyundai Introduces Smartphone Based EV Performance Control Technology

    Hyundai Introduces Smartphone Based EV Performance Control Technology

    Hyundai Motor Group has announced the development of ‘smartphone-electric vehicle pairing based performance adjustment technology,’ which allows users to customise primary functions through a smartphone app. The company says that it is in fact an industry first innovation. Drivers can use this technology to adjust seven performance features including the maximum torque output of the motor, ignition, acceleration and deceleration abilities, regenerative braking capacity, maximum speed limit, responsiveness, and energy use on climate control.

    As electric vehicles continually expand their market share, especially in rental or car-sharing industries, the new technology will allow drivers to use their custom settings in whichever electric vehicle they drive by downloading their profile from the server. The application provides optimised settings for a designated destination by analysing the remaining distance and electric energy requirement. It can also accommodate sportier driving by recommending tailored performance settings.

    The application provides optimised settings for a designated destination by analysing the remaining distance and electric energy requirement

    Beyond the driver’s seat, users can share their customisation settings online as well as try out other users’ custom settings. Customers can also apply recommended settings by Hyundai based on the condition of roads, from country roads to the city centre or mountain ranges. Hyundai Motor Group will utilise blockchain technology to prevent security issues while users upload and share their custom sittings on the server.

    In the process of uploading and sharing custom settings, the system encrypts major performance parameters in a blockchain network by creating new data blocks and stores them in the distributed data storage system to block unauthorised manipulation.

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  • Nubia’s new Gaming handset has Fresh Features

    Nubia’s new Gaming handset has Fresh Features

    Remember when there was all that concern about the Qualcomm Snapdragon 810 SoC overheating? The fear was so real that Samsung decided to power the Galaxy S6 line with its own Exynos 7420 chipset, even in the U.S. where it usually equips its phones with a Snapdragon chip. Some manufacturers started using small (.6mm) heat pipes in order to dissipate the heat generated inside a smartphone.

    Nubia announced the first smartphone to be equipped with a cooling fan, the Red Magic 3 gaming phone. To keep the handset’s internals cool, the device combines what the company calls “state-of-the-art liquid cooling technology” with an internal fan. Nubia says that this combination increases heat transfer by 500%; not only does this keep the phone cool in the user’s hand, it also boosts the performance of the device providing a smoother experience.

    While the Nubia Red Magic 3 will launch on May 3rd in China, it also will be available next month in the U.S., Canada and Europe (including the U.K.). Pricing has not yet been announced, but the phone does feature high-end specs. The device comes with a 6.65-inch AMOLED screen with an FHD+ resolution. With a refresh rate of 90Hz (most phones refresh at 60Hz) the Red Magic 3 will offer users smooth gameplay. The Snapdragon 855 Mobile Platform is under the hood, and there will be three different memory/storage configurations (6GB RAM/128GB storage, 8GB RAM/128GB storage and 12GB RAM/256GB storage). In addition, the phone features dual front-facing stereo speakers, DTS:X and 3D sound. This creates a “cinematic soundscape” with or without headphones. Instead of having to use a gamepad accessory, the handset has touch-sensitive shoulders that can be customized.

    The Red Magic 3 is more than just a gaming phone. It happens to be pre-installed with a nearly stock version of Android 9 Pie. On the back is a 48MP camera using Sony’s IMX586 sensor, and in front is a 16MP selfie snapper. With a 5000mAh battery inside, you won’t have to worry about finding an outlet in the middle of the day, and perhaps the next day as well. And if you happen to be an ardant gamer, the RedMagicGameSpace2.0 dashboard allows you to quick-launch games, optimize settings and the fan speeds, check the temperature inside the phone, and record in-game videos. It also allows you to block notifications so that you can enjoy uninterrupted game play. The Red Magic 3 will be available in Black or Red.

    Starting tomorrow, April 29th, consumers can sign up to win an opportunity to unbox the Red Magic 3 by visiting this website. Three first prize winners will receive the Red Magic 3 before the release date, and will get to do a live unboxing and hands-on over the Red Magic website and Nubia’s social media channels. Three second prize winners will have the opportunity to buy the Red Magic 3 at 50% off and four third prize winners get to take 20% off the price of the phone.

    Back in February, Nubia launched the Red Magic Mars gaming phone in the U.S. That model features a 6-inch LCD screen with a 1080 x 2160 resolution. While Nubia called this device a gaming phone and a daily driver in one unit (which it also says about the Red Magic 3), the $399 price surely caught the eye of smartphone buyers in the states. We don’t know the price of the Red Magic 3 yet; if Nubia keeps it low, it will be hard for U.S. consumers, unlike the phone, to keep cool.

  • Samsung sends out patch that improves the performance

    Samsung sends out patch that improves the performance

    Owners of the Samsung Galaxy S10 and Galaxy S10+ might have recently noticed an improvement to the in-display fingerprint scanner found on both devices. Reddit posters shared information recently about a 6.9MB update sent out to both models. The update is a biometrics security patch designed to improve the performance of the in-display ultrasonic fingerprint scanner used on the two handsets.

    Some of those who installed the update claim that the fingerprint scanner now works “instantly” to unlock their phone. Samsung didn’t include a changelog with the update, so we really don’t know how the fingerprint scanner has been improved. Those who do notice a difference say that they did not have to re-scan their fingers after the update was installed. However, if you load the update and don’t notice a change, you might want to consider rescanning your fingers.

    The Galaxy S10 and Galaxy S10+ both use an ultrasonic in-display fingerprint reader. This is a more accurate and faster technology than the capacitive readers used on most devices. The ultrasonic technology uses sound to produce a 3D map of a user’s fingerprints. As we pointed out last week, the ultrasonic fingerprint scanner on the Galaxy S10 and Galaxy S10+ can still be tricked into unlocking either phone. The capacitive readers feature circuits that capture unique information about a user’s fingerprint. The “more affordable” Samsung Galaxy S10e features a capacitive fingerprint scanner mounted on the right side of the device.

    Keep in mind that this is not a system update. Instead, it is an update to the fingerprint module in the Galaxy Store. There is no way to trigger it, so it is just a matter of being patient. Eventually, the notification will arrive to let you know that the update is ready to be installed.

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