Apple Inc plans to cut the price of some of its flagship iPhones for only the second time in the device’s 12-year history, pegging its retail value to past prices in local currencies outside the United States instead of the rising U.S. dollar, Reuters reports. The move is an attempt to stem weak sales of the iPhone, particularly in overseas markets such as China, where a 10 percent rise in the U.S. dollar over the past year or so has made Apple’s products - which already compete at the top end of the market - much pricier than rivals. Apple Chief Executive Tim Cook disclosed the plan on Tuesday after the company reported the first-ever dip in iPhone sales during the key holiday shopping period. The company has only once before cut iPhone prices, shortly after it debuted in 2007. Apple did not say in which countries it would adjust iPhone prices. Resellers in China already began cutting iPhone prices earlier this month after Apple lowered its sales forecast for the … [Read more...] about Apple lowers some iPhone prices outside U.S.
Moving companies price
Some of America's biggest companies have expressed alarm about the Trump administration's protectionist trade policies. On the ground, however, it is smaller companies who may be most vulnerable to U.S. tariffs on Chinese and other foreign goods. Leaders at midsize companies -- those with $10 million to $1 billion in revenue -- overwhelmingly say tariffs pose a threat to their business, according to a recent survey by the National Center for the Middle Market at Ohio State University. One-third expect profits to sink as they try to absorb higher costs stemming in part from tariffs. And executives with midsize companies say U.S. consumers should be ready for something else: higher prices. "The biggest impact is on those companies that are goods-producing or goods-moving companies -- wholesalers, retailers, manufacturers and retailers," said Thomas A. Stewart, executive director of NCMM, in an interview with CBS MoneyWatch. While some companies, like steelmakers, … [Read more...] about Many midsize companies plan to raise prices, citing impact of Trump tariffs
It's getting more expensive for retailers like Walmart to stock its shelves with household staples like diapers, paper towels and bottled water. The question now is whether that translates into more pain at the check-out line. Soaring costs for transportation and raw materials -- some related to tariffs -- have prompted Procter & Gamble, Nestle, Coca-Cola and others to announce price increases this summer on a wide swath of consumer staples. The companies are betting that demand will remain steady even though wage growth is tepid and Americans' wallets are already getting pinched by higher gas prices during the peak summer driving season. "We are feeling the pressure," Nestle finance chief Francois-Xavier Roger said on a late July call with analysts when discussing freight inflation. That same week, Michael Hsu, chief operating officer at Huggies maker Kimberly-Clark, said "it's clear that we need more" price increases. Now it's Walmart's move. The world's biggest retailer faces … [Read more...] about Walmart’s size may not shield it from rising prices
Nancy Armour USA TODAY Published 11:36 p.m. UTC Jun 27, 2018 KILDEER, Ill. — Stacy Lewis is a two-time major champion, a 12-time winner on the LPGA Tour and she came thisclose to winning the bronze medal at the Rio Olympics. Yet her legacy might very well have nothing to do with her accomplishments on the golf course. And she’s OK with that. More than OK, in fact. Lewis’ main sponsor, KPMG, is paying the golfer the full value of her contract this season despite the fact she’s going on maternity leave next month. It’s a groundbreaking move, one Lewis said she hopes will set a precedent. "A lot of people were shocked to learn that that had never happened before," Lewis said Wednesday, a day before the start of the KPMG Women’s PGA Championship. "But at the same time, it was, 'Well, why don't they do that?' "More than anything, it brought attention to it, and that's the goal. That’s why I put it out there. I didn't necessarily … [Read more...] about What price equality? KPMG and LPGA star Stacy Lewis have the answer on her maternity leave
Electric Ireland to increase prices by the end of the summer Independent.ie THE largest energy company in the State is to push up its prices by the end of the summer. https://www.independent.ie/business/personal-finance/electric-ireland-to-increase-prices-by-the-end-of-the-summer-37056088.html https://www.independent.ie/business/irish/article37056087.ece/2643d/AUTOCROP/h342/2gas.jpg Email THE largest energy company in the State is to push up its prices by the end of the summer. Electric Ireland is to increase electricity prices by 6.2pc from August, and gas by 8pc. This will add €56 to the average annual electricity bill, and €55 to the average gas bill. The company is blaming wholesale gas increases. Electric Ireland, which is the retail arm of the ESB, has more than one million electricity customers. The company blamed the sharp rise in wholesale energy prices. Head of residential markets at Electric Ireland Niall Dineen said: "Electric Ireland is absolutely … [Read more...] about Electric Ireland to increase prices by the end of the summer