Latest news with #142
Entrepreneur
13-05-2025
- Business
- Entrepreneur
Apple Plans iPhone Price Hikes Amid Trade Pressure: Report
Earlier this month, Apple disclosed that tariffs would add approximately $900 million in costs for the April to June quarter. To help offset this burden, the company announced plans to source most iPhones sold in the U.S. during that time from India You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Apple is preparing to raise prices on its upcoming fall iPhone lineup, a move it intends to offset with new design upgrades and features. Citing sources familiar with the company's strategy, The Wall Street Journal report reveals that Apple aims to avoid any perception that the price increases are driven by U.S. tariffs on Chinese imports; even as it remains deeply entangled in the economic tensions between the two superpowers. The price hike, insiders told WSJ, is largely tied to design changes and a new, slimmer iPhone form factor expected to debut with the iPhone 16 series. While the base model launched in the U.S. at $799, analysts at Rosenblatt Securities have projected that tariffs could drive the cost up to INR1,142, a potential increase of 43 per cent. Apple continues to rely heavily on China for its high-end iPhone Pro and Pro Max production, exposing the company to ongoing trade risk. While Apple CEO Tim Cook has publicly expressed a desire to move most U.S.-bound iPhone manufacturing to India, the WSJ report notes that Indian factories currently lack the technical infrastructure to fully replace Chinese production for the more advanced models. Earlier this month, Apple disclosed that tariffs would add approximately $900 million in costs for the April to June quarter. To help offset this burden, the company announced plans to source most iPhones sold in the U.S. during that time from India. Despite this partial pivot, the broader challenge remains. Apple is one of the most visible corporations caught in the crosshairs of U.S.-China tensions, which have intensified in recent months. The Trump administration's aggressive tariff regime has rattled global supply chains and spurred high-profile companies to reevaluate sourcing strategies. Amazon was in the crosshairs of the White House last month after its low-cost Haul unit weighed listing import charges due to U.S. tariffs, prompting the Trump administration to accuse the company of engaging in a hostile political act. For Apple, the decision to raise prices in the fall is a calculated gamble, one that will test customer loyalty amid rising competition during global instability.
Yahoo
07-05-2025
- Politics
- Yahoo
8 Utah bills going into effect on May 7 you should know about
SALT LAKE CITY (ABC4) — After a busy session on Utah's Capitol Hill earlier this year, 584 bills were passed. Now, on Wednesday, May 7, roughly 400 laws and policies will go into effect. The bills range from school safety and homelessness to flags and fluoride, but here are a select few you may want to know about. S.B. 142 – App Store Accountability Act As part of Utah's continued push to hold digital services, such as social media platforms, accountable for their content, Utah lawmakers passed S.B. 142. The App Store Accountability Act forces app stores on both Android and Apple devices to require age verification in order to download apps. Specifically, the bill prohibits enforcing 'contracts,' such as a Terms of Service Agreement, for accounts belonging to minors without parental consent. Under this bill, parents or guardians would be required to give consent for apps, and app developers would have to verify that consent through the app store. The bill also opens avenues for parents or guardians of minors harmed by a lack of enforcement to sue app stores. H.B. 77 – Flag Display Amendments One of the more controversial and followed bills in the 2025 General Session, H.B. 77, otherwise known as the Flag Display Amendments bill, bans the display of certain flags on government property. The ban notably impacts public classrooms and restricts political flags from being shown, including pride flags, political movement flags, or any flag that is not listed as an exception, such as state flags, country flags, or municipality flags. SLC council unanimously pass Pride, Juneteenth themed city flags ahead of state flag ban H.B. 81 – Fluoride Amendments A bill that garnered national attention, H.B. 81 goes into effect on May 7, officially making Utah the first state in the nation to ban fluoride in public water systems. The bill was passed as a 'matter of individual choice' on whether or not to have fluoride in the water. And while Utah's water will no longer undergo fluoridization, the bill does allow for pharmacists to prescribe fluoride tablets as an alternative way of getting the benefits, should they want to. H.B. 249 – Nuclear Power Amendments In the 2025 General Session, Utah moved one step closer to bringing nuclear energy to the Beehive State. With the passing of H.B. 249, Utah will create the Nuclear Energy Consortium, the Utah Energy Council, and an Energy Development Investment Fund, starting May 7. The bill is part of Utah's plan to 'combat the looming energy crisis' the state faces with a rising population. While the Consortium will be tasked with providing knowledge and expertise, the Council will oversee energy projects, such as storage and development of power plants. H.B. 300 – Amendments to Election Law Another controversial bill that made its way through the legislative session was H.B. 300, and it goes into effect starting today. The bill makes a few significant changes to how Utahns will vote by mail, including phasing out signature verifications on mail-in ballots and sending out mail-in ballots by default. By 2029, Utahns will be required to opt in to receive a mail-in ballot and will be required to place the last four digits of their driver's license, state ID, or social security number on their ballot return envelopes. H.B. 322 – Child Actor Regulations A bill that sets up protections for child actors, including those who appear in content made for social media, such as YouTube, is set to go into effect on May 7. H.B. 322 requires parents or guardians to set up a trust fund for the child actor, where a portion of earnings from the content can be placed. Among other protections, it also gives minors the right to delete any content made while they were underage once they turn 18. How to protect your teeth after the fluoridation ban: DHHS offers tips H.B. 403 – SNAP Funds Amendments H.B. 403 starts the process to prevent soft drinks from being eligible to be purchased through the Supplemental Nutrition Assistance Program (SNAP). The bill, which went into effect on May 7, directs the Department of Workforce Services to file a waiver to the U.S. Department of Agriculture by July 1. The waiver would request authorization to stop the use of SNAP benefits to buy soft drinks, which, if approved, would begin enforcement within six months. DWS would then be required to track the public health outcomes of the restriction and renew the waiver every year. H.B. 505 – Homeless Services Revisions Among a list of revisions made to address homelessness in the state, H.B. 505 makes it a Class C misdemeanor to camp out on state property without explicit permission. This includes the use of tents, motor vehicles, cots, beds, sleeping bags, or cooking with a campfire, propane stove, or other cooking equipment, according to the bill. Latest headlines: Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to ABC4 Utah.
New Straits Times
23-04-2025
- Business
- New Straits Times
Over 1,000 plots forfeited in Pahang over unpaid land tax
KUANTAN: Land administrators across Pahang have collected RM1.4 million in penalties from quit rent defaulters and seized 1,082 plots from owners who failed to settle arrears. Menteri Besar Datuk Seri Wan Rosdy Wan Ismail said the seizures were made after landowners ignored repeated reminders and failed to act on Notices 6A and 8A. "To date, 1,082 plots have been forfeited by land administrators statewide. Of these, 838 owners did not make any effort to prevent the seizure after being issued with Notice 8A," he said during the state assembly sitting today. "Based on our latest records, RM1,437,142 in penalties has been collected from quit rent defaulters." Wan Rosdy said seizure is only done as a last resort. "Landowners are given ample time to clear their arrears. They will first be served with Notice 6A. If the arrears remain unpaid, only then will we proceed with Notice 8A, which allows land administrators to seize the land," he said in response to a question from appointed assemblyman Mohd Fadzli Mohd Ramly. Fadzli had asked about the number of forfeited land plots that were not returned to their owners, and the total amount collected from penalties. In reply to a supplementary question on whether the state would consider discounts, given the legal burden imposed on defaulters, Wan Rosdy said landowners could appeal. "We will usually take into account the amount owed, how long the arrears have been outstanding, and the owner's income before deciding on any penalties," he said. "In most cases, the land administrators will meet with the owners to negotiate a settlement. Once the payment amount is agreed upon, the owners usually accept the terms."
Yahoo
27-03-2025
- Business
- Yahoo
App stores are set to verify ages under a new Utah law — and Meta, Snap, and X are thrilled
Utah just passed a law that would make app stores verify user ages instead of individual apps. Apple and Google would have to get parental consent before minors can download certain apps in the state. Meta, Snap, and X praised the bill. Google and Apple have said it raises privacy concerns. Utah just became the first state to pass a law that makes app stores — rather than individual apps — responsible for verifying user ages. Google and Apple, the tech giants behind the two main app stores, have opposed the bill. But Meta, Snap, and X have praised the law, which Utah Gov. Spencer Cox signed on Wednesday. The App Store Accountability Act, also known as S.B. 142, is set to take effect on May 7 — but is expected to face legal challenges. It requires Apple and Google to confirm the age of anyone who creates an account in Utah. If that person is under 18, the account must be linked to a parent or verified with extra documentation. Parents must also approve in-app purchases. The law represents a major shift in how states regulate child safety online. Instead of directly targeting social media companies, lawmakers in Utah have focused on the gatekeepers: app stores. Supporters say the law gives parents more centralized control over what their kids can download, a change that major social media companies have been pushing for. Meta, Snap, and X — three companies under growing pressure to protect teens online — welcomed the law in a joint statement on Wednesday. "Parents want a one-stop-shop to oversee and approve the many apps their teens want to download, and Utah has led the way in centralizing it within a device's app store," they said. "This approach spares users from repeatedly submitting personal information to countless individual apps and online services."The verification bill is the latest in a long-running turf war between Meta and Apple over data practices, platform control, and even smart glasses. Meta has pushed for app stores to take the lead on age restrictions, while Apple says it raises privacy concerns. Apple wrote in a paper last month that it doesn't want to collect sensitive user data for privacy reasons and that "the right place to address the dangers of age-restricted content online is the limited set of websites and apps that host that kind of content." Google also opposed the bill, warning in a March 12 blog post that it could create unintended risks. "These proposals introduce new risks to the privacy of minors without actually addressing the harms that are inspiring lawmakers to act," wrote Kareem Ghanem, the company's director of public policy. Digital rights groups have raised concerns about how the data used for age verification will be stored and protected. But the Utah bill could open the door for similar efforts across the country. Lawmakers in a dozen other states, including California and South Carolina, are weighing similar proposals. Apple and Google did not immediately respond to a Business Insider request for comment. Read the original article on Business Insider
Yahoo
05-03-2025
- Business
- Yahoo
Bill targeting app store accountability passes through Utah legislature
SALT LAKE CITY () — A bill that would seek to regulate digital app stores and app developers on phones and tablets passed through the Utah Legislature on Wednesday, putting it on track to go before Gov. Spencer Cox for consideration. S.B. 142 – otherwise known as the – would require app store providers such as Apple and Google to verify a user's age and require accounts belonging to minors to obtain parental consent before accepting the terms and conditions of any downloaded apps. (R-Woods Cross), the bill's sponsor, said the bill is mainly focused on the terms and conditions that many apps require users to accept. He said minors are often asked to give permissions to their data, microphones and cameras, which he said was unacceptable to allow children to opt into these terms and conditions 'contracts.' 'So what the bill is designed to do is to tether the accounts of children – those under the age of 18 – to a parent's account and then the parent would accept the terms and conditions or the usage terms of the app,' explained Weiler. Major alcohol bill fails to advance in Utah legislature over cities having 'proximity' control App stores and developers who are found to have violated the regulation could face $1,000 for each violation as well as be held responsible for attorney and litigation costs. Critics of the bill questioned data privacy when it comes to verifying age. Weiler explained that parents would be able to verify their age by linking a credit card. Minors, meanwhile, would need a parent to confirm their age at the time of creating an account with a new developer. The bill originally with a 24-1 vote with four absentees before with a 64-3 vote with eight absentees. After it passed on Wednesday morning, Weiler posted on Twitter/X saying he was happy the policy had passed through the Utah Legislature. 'I am pleased that the majority of my colleagues in the Utah Legislature voted to protect children from accepting sometimes predatory terms and conditions when downloading apps that may collect and sell their personal data,' Weiler said. 'We shouldn't encourage children to enter into contracts.' Should Gov. Cox sign the bill into law, app stores and app developers will have until May 7, 2025, to implement verification safeguards. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
