Comment Re:Not a bad idea (Score 1) 237
Yes they do. Peak efficiency is usually above 90% and these days it depends mostly on the quality of the power switches and inductors, and the switch drivers strength.
There have been computer systems (especially notebooks) that did a double conversion (Vbatt to 5V, then 5V to whatever voltage was needed, CPU, memory etc), but it did not caught on.
There is also the "hidden" double conversion scheme in which the final VRs are powered from the battery, while the charger acts as a first VR,converting the adapter voltage to the battery voltage. Systems with this type of power tree are becoming more popular.