Latest news with #IDC
Morocco World
4 hours ago
- Science
- Morocco World
IDC Deputy Applauds Morocco's Efforts at CIO, a Vital Platform for Climate Change Solutions
Beni Mellal — The second edition of the International Congress on Oases and Date Palm in Morocco represents a critical gathering for addressing climate change challenges in agriculture, according to a senior official from the Saudi International Dates Council. Fawaz Alghaidani, Deputy Executive Director of the International Dates Council (IDC), pointed to the significance of bringing together international experts in Morocco to tackle mounting environmental pressures on date palm cultivation. 'This subject is very important for all of us. We have challenges, we have climate change also going on,' Alghaidani said in an interview with Morocco World News (MWN) on the sidelines of the congress. 'So we are getting here with more experts and more concentration on the challenges that we have on climate change,' he noted. The Saudi Arabia-based official described how the event serves as an essential forum for knowledge exchange among the IDC's 15 member countries. He argued that such gatherings enable countries to share expertise and develop collaborative solutions for agricultural development. 'We are here together to overcome the challenges that we actually face in our globe,' Alghaidani said, expressing particular gratitude for Morocco's role in hosting the international gathering. Alghaidani spoke of the IDC's core mission of fostering international cooperation. As he put it, the Council works directly with governments and international bodies to pool knowledge and resources in addressing agricultural challenges. 'Our goals for the International Date Council are actually to work together with other organizations, with the government, with international governments, or international organizations,' he explained. Read also: New Farming Method Saves Bees While Boosting Income in Morocco's Oases The deputy executive director described how the collaborative approach benefits countries seeking agricultural development while managing climate impacts. Speaking of the congress' significance as a platform that adopts a knowledge-sharing model, allowing countries to access expertise they might otherwise lack. 'They all get together to study and to have more experts and to exchange knowledge between countries,' Alghaidani added, noting that it helps those looking to develop their lands and face climate change. He commended the event organizers and recalled the importance of holding such international conferences as essential platforms for advancing sustainable agriculture practices in the face of global environmental challenges. The International Congress on Oases and Date Palm brought together agricultural experts, researchers, and policymakers to address the future of oases and date palm cultivation amid changing climate conditions. Read also: Morocco's ANDZOA Chief Calls for Urgent Action to Protect Argan, Oases Ecosystems
Yahoo
7 hours ago
- Business
- Yahoo
Smartphone sales growth hit by tariff ‘whirlwind of uncertainty'
(Bloomberg) — Sales of Apple Inc.'s (AAPL) iPhone and its closest rivals are expected to take a significant blow from the Trump administration's new tariff policy unveiled in April. NYC Congestion Toll Brings In $216 Million in First Four Months Now With Colorful Blocks, Tirana's Pyramid Represents a Changing Albania The Economic Benefits of Paying Workers to Move NY Wins Order Against US Funding Freeze in Congestion Fight Why Arid Cities Should Stick Together Two independent market research companies have slashed their forecasts for 2025 growth by more than half: IDC now expects just 0.6% growth in global smartphone shipments for the year, while Counterpoint Research sees a 1.9% increase. Both caution that potential price increases and broader macroeconomic uncertainty related to the tariffs will dampen enthusiasm for new purchases. Smartphones were given a tariff exemption in mid-April, however President Donald Trump this month threatened a 25% levy on imports of smartphones made outside the US. That pressure has dragged Apple's share price down and contributed to expectations of potential price hikes by the iPhone maker and others. 'The smartphone industry has faced a whirlwind of uncertainty,' said IDC's Senior Research Director Nabila Popal. 'Smartphone vendors — particularly those shipping to the US — must now navigate complex geopolitics alongside ongoing supply chain diversification efforts.' China's Huawei Technologies Co. marks a bright spot for Counterpoint's analysts, who see the Shenzhen-based company having fewer difficulties with sourcing key components this year. Huawei has been reclaiming market share domestically since it started building its own chips, and its prospects for pushing further afield appear to be improving even with the global economy in turmoil. 'Increasing supply chain strength should help them become more aggressive overseas through the long term,' said Counterpoint analyst Ethan Qi. YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Mark Zuckerberg Loves MAGA Now. Will MAGA Ever Love Him Back? Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Inside the First Stargate AI Data Center How Coach Handbags Became a Gen Z Status Symbol ©2025 Bloomberg L.P. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Sign in to access your portfolio
Bloomberg
8 hours ago
- Business
- Bloomberg
Smartphone Sales Growth Hit by Tariff ‘Whirlwind of Uncertainty'
Sales of Apple Inc. 's iPhone and its closest rivals are expected to take a significant blow from the Trump administration's new tariff policy unveiled in April. Two independent market research companies have slashed their forecasts for 2025 growth by more than half: IDC now expects just 0.6% growth in global smartphone shipments for the year, while Counterpoint Research sees a 1.9% increase. Both caution that potential price increases and broader macroeconomic uncertainty related to the tariffs will dampen enthusiasm for new purchases.
Time of India
12 hours ago
- Business
- Time of India
IDC cuts global smartphone shipments forecast on tariff volatility
International Data Corp slashed its 2025 global smartphone shipment growth forecast to 0.6% from 2.3% on Thursday, citing tariff-driven economic uncertainty and a pullback in consumer spending. The downgrade signals challenges for manufacturers like Apple , who already face weakening sales amid escalating geopolitical tensions and tariff disputes. IDC expects growth to remain in low single digits throughout the year, with a five-year (2024-2029) compound annual growth rate (CAGR) of 1.4% due to increasing smartphone penetration, lengthening refresh cycles, and cannibalization from used devices. Despite geopolitical tensions, the U.S. and China are poised to drive a modest 0.6% growth in smartphone shipments this year. China's market is projected to expand by 3% year-over-year, bolstered by government subsidies favoring Android devices. Apple faces a projected 1.9% decline in 2025, challenged by Huawei competition and economic pressures, with many models ineligible for subsidies. However, upcoming discounts during the 618 shopping festival in China and the iPhone 17 launch, featuring significant hardware upgrades, are expected to stimulate demand. In response to U.S.-China trade tensions, Apple is expanding its manufacturing in India and Vietnam to diversify production and reduce reliance on China. However, President Donald Trump stated that Apple would face a 25% tariff on iPhones sold in the U.S. that are not manufactured domestically. "Despite these headwinds, India and Vietnam are expected to remain the key alternatives to China for smartphone production. However, additional tariffs of 20-30% on US bound smartphones could post a serious downside risk to the current U.S. market outlook," said Nabila Popal, senior research director with IDC's Worldwide Quarterly Mobile Phone Tracker.
Mint
15 hours ago
- Business
- Mint
Global smartphone sales to grow just 0.6% this year as tariff threats loom: IDC
International Data Corporation (IDC) has cut down its global smartphone shipment growth forecast to 0.6% from 2.3% citing high uncertainty, tariff volatility and macro-economic challenges like inflation and unemployment across various regions. IDC further predicts that growth will remain in the low single digits throughout the forecast period and a five year (2024-2029) compound annual growth rate (CAGR) of 1.4% owing to increasing smartphone penetration, lengthening refresh cycles, and cannibalization from used smartphones. Speaking about the impact of US President Donald Trump's so called reciprocal tariffs on the smartphone industry, Nabila Popal, senior research director at IDC's Worldwide Quarterly Mobile Phone Tracker, said, 'Since April 2nd, the smartphone industry has faced a whirlwind of uncertainty. While current exemptions on smartphones have offered temporary relief, the looming possibility of broader tariffs presents a serious risk,' 'Smartphone vendors — particularly those shipping to the US — must now navigate complex geopolitics alongside ongoing supply chain diversification efforts. Despite these headwinds, India and Vietnam are expected to remain the key alternatives to China for smartphone production. However, additional tariffs of 20-30% on US bound smartphones could post a serious downside risk to the current U.S. market outlook.' Popal added. Amid the rising trade tensions between US and China, Apple had planned to increase its reliance on India by doubling down on its iPhone manufacturing in the country and producing all the US bound iPhones this year in India. However, earlier this month, President Trump toldApple CEO Tim Cook that he doesn't want Apple to make iPhones in India and any iPhones not made in the US would be subject to a 25% tariff. However, US and China are still expected to have a modest growth of 0.6% in smartphone shipments this year. China's smartphone market is forecast to grow 3% YoY driven by government subsidies on Android devices. Meanwhile, Apple could be the biggest loser of the geopolitical tensions with a 1.9% decline in 2025 amid ongoing competition frm Huawei and overall economic slowdown.
