) or "TI" launched lithium-ion battery charger integrated
circuits (ICs) that will cut down charging time of smart devices
TI's new 4.5-A battery charger ICs are a part of its bq2419x
family of 4.5-A output, 20-V input-rated switch-mode chargers
that enable quick charging and can be used in a variety of
devices such as 4G LTE routers, Wi-Fi speakers, portable medical
and industrial designs. The product is expected to benefit TI as
it has wide application and is not restricted to smart devices
TI's new ICs facilitate quick charging for single-cell lithium
battery packs. It also enables cooler charging and complies with
European Star and European Union charging specifications.
Currently, smart devices are in great demand among consumers
and are used not just for calling, but also other purposes like
listening to music, using maps to move around, using social
networking sites like
) and Twitter to chat, among others.
According to a report by IDC, 219.4 million smartphones were
shipped in 2012. Samsung was the largest player with 63.7 million
units (29% market share) in the fourth quarter of 2012. Its 76%
jump from the year-ago quarter helped it topple
), which shipped 47.8 million units, followed by Huawei,
) and others.
IDC estimates that 52.5 million tablets were shipped in 2012,
a 75.3% jump from the year-ago quarter. Apple led the market
followed by Samsung, Amazon and others.
Further, as per another report by IDC, smartphone shipments
will grow 95.9% from 2012 to 2016 to touch 1.405 billion units.
Tablets are expected to grow even faster (131.2%) during this
period touching 282.7 million units. The solid growth prospects
in these two markets coupled with TI's market position will
likely help sales of TI's battery chargers.
In the fourth quarter of fiscal 2012, TI generated total
revenue of $2.98 billion, down 12.1% sequentially and 12.9% year
over year (slightly better than the mid-point of the
recently-narrowed guidance range of $2.89 billion to $3.01
billion). The Analog business fell 9.4% sequentially and 1.5%
year over year. The sequential decline was attributable to
broad-based weakness across the HVAL, HPA, SVA and power
management product lines.
Texas Instruments has a Zacks Rank #3 (Hold).
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