Latest news with #Kerwin
Yahoo
29-05-2025
- Business
- Yahoo
Apple finally got good news about the iPhone this week
The iPhone 16 was the best-selling smartphone globally in Q1 2025, Counterpoint Research reported. Despite topping sales, Apple's iPhone revenue missed fiscal Q1 targets, an analyst said. Apple's iPhone 16 Pro models face challenges in China due to government subsidies. The iPhone 16 is on top of the world. The base model iPhone 16 was the best-selling smartphone in the world in the first quarter of 2025, according to a Wednesday research note from Counterpoint. It was the first time in two years that a base model iPhone was in the top spot. Apple continued its streak of dominating the top five smartphones globally. The iPhone 16, followed by the Pro models and iPhone 15, are at the top of the list, with Samsung's Galaxy A16 5G in fifth place. In China — a key region with increasing competition — iPhone 16 Pro models have a steeper challenge due to government subsidies offering discounts on devices under 6,000 yuan, about $833, making the Pro ineligible for a markdown. However, the Pros pulled through to make up nearly half of Apple's iPhone sales for the third quarter straight. All of this is good news for Apple, according to Jacob Bourne, a tech analyst at Business Insider's sister company, EMARKETER. "This is definitely a crucially timed win for Apple. This demonstrates strength in their flagship product lineup despite economic headwinds and ongoing uncertainties," Bourne said. However, Morningstar analyst William Kerwin isn't sure the tech giant should count it as a win. "The iPhone is routinely the best selling smartphone—and the base variant overtaking the Pro this year shows the narrowed gap between the two models this year due to both needing enough chip content to run Apple Intelligence," Kerwin told BI. Apple is in competition with itself and its past iPhone sales, which Kerwin said have been "lackluster this year and over the past two years." Topping the global charts doesn't indicate that Apple is sitting pretty again, Kerwin said. iPhone revenue missed targets during its fiscal first quarter, coming in at $69.14 billion versus the $71.04 billion estimate. The iPhone 16e, however, was an "interesting" piece of Counterpoint's data, Kerwin said. The budget-friendly iPhone, which starts at $599, ranked sixth in the top 10 best-selling smartphones in March — its first full month on shelves. It's expected to outperform its predecessor, the iPhone SE, in its first year. "Overall, we've seen a narrowing of the delta between budget, base, and pro models this year," Kerwin said. Apple has had a tough 2025. CEO Tim Cook seems to remain in limbo with the Trump Administration as President Donald Trump routinely updates his stance on tariffs. On May 23, President Donald Trump said he would implement a 25% tariff on Apple over plans for US iPhone production to be moved from China to India, Trump said in a Truth Social post. "We believe the concept of Apple producing iPhones in the US is a fairy tale that is not feasible," WedBush Securities' Dan Ives wrote in a note on May 23. Almost one year after it was first announced, Apple Intelligence is also a growing concern for Apple and its investors. The AI tools advertised aren't driving sales the way analysts predicted in 2024. "The AI-enabled iPhone 16 still has not revitalized this growth, much less driven a supercycle," Kerwin said. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
29-05-2025
- Business
- Business Insider
Apple finally got good news about the iPhone this week
The iPhone 16 is on top of the world. The base model iPhone 16 was the best-selling smartphone in the world in the first quarter of 2025, according to a Wednesday research note from Counterpoint. It was the first time in two years that a base model iPhone was in the top spot. Apple continued its streak of dominating the top five smartphones globally. The iPhone 16, followed by the Pro models and iPhone 15, are at the top of the list, with Samsung's Galaxy A16 5G in fifth place. In China — a key region with increasing competition — iPhone 16 Pro models have a steeper challenge due to government subsidies offering discounts on devices under 6,000 yuan, about $833, making the Pro ineligible for a markdown. However, the Pros pulled through to make up nearly half of Apple's iPhone sales for the third quarter straight. All of this is good news for Apple, according to Jacob Bourne, a tech analyst at Business Insider's sister company, EMARKETER. "This is definitely a crucially timed win for Apple. This demonstrates strength in their flagship product lineup despite economic headwinds and ongoing uncertainties," Bourne said. However, Morningstar analyst William Kerwin isn't sure the tech giant should count it as a win. "The iPhone is routinely the best selling smartphone—and the base variant overtaking the Pro this year shows the narrowed gap between the two models this year due to both needing enough chip content to run Apple Intelligence," Kerwin told BI. Apple is in competition with itself and its past iPhone sales, which Kerwin said have been "lackluster this year and over the past two years." Topping the global charts doesn't indicate that Apple is sitting pretty again, Kerwin said. iPhone revenue missed targets during its fiscal first quarter, coming in at $69.14 billion versus the $71.04 billion estimate. The iPhone 16e, however, was an "interesting" piece of Counterpoint's data, Kerwin said. The budget-friendly iPhone, which starts at $599, ranked sixth in the top 10 best-selling smartphones in March — its first full month on shelves. It's expected to outperform its predecessor, the iPhone SE, in its first year. "Overall, we've seen a narrowing of the delta between budget, base, and pro models this year," Kerwin said. Apple has had a tough 2025. CEO Tim Cook seems to remain in limbo with the Trump Administration as President Donald Trump routinely updates his stance on tariffs. On May 23, President Donald Trump said he would implement a 25% tariff on Apple over plans for US iPhone production to be moved from China to India, Trump said in a Truth Social post. "We believe the concept of Apple producing iPhones in the US is a fairy tale that is not feasible," WedBush Securities' Dan Ives wrote in a note on May 23. Almost one year after it was first announced, Apple Intelligence is also a growing concern for Apple and its investors. The AI tools advertised aren't driving sales the way analysts predicted in 2024. "The AI-enabled iPhone 16 still has not revitalized this growth, much less driven a supercycle," Kerwin said.
Yahoo
14-05-2025
- Health
- Yahoo
Texas bill seeking to keep toxic 'forever chemicals' off farmland misses key deadline
A bill aimed at limiting the spread of toxic chemicals on Texas farmland has hit a political wall — missing a key deadline that decreases its likelihood of passage this session. House Bill 1674, introduced by Rep. Helen Kerwin, R-Cleburne, aims to regulate the use of fertilizers made from treated sewage, also known as biosolids, by requiring regular testing for PFAS — a group of long-lasting, harmful chemicals often called 'forever chemicals.' Supporters of the bill say it would protect agricultural land and the nation's food supply from dangerous chemicals that don't break down and are linked to health problems including cancer, birth defects, liver damage, and immune system disorders. However, opponents — including wastewater utilities — say the measure lacks clarity and could drive up disposal costs of biosolids without offering other alternatives to get rid of the sludge. Kerwin, who is in her first legislative session after being elected in November, says the bill is her top priority — it's the first bill she filed after becoming a lawmaker. And the proposal has won bipartisan support in the House, where 75 of her colleagues signed on as either authors or co-authors. The House Environmental Regulation Committee heard testimony on the bill last week. Although 74 people had signed up to speak on the bill — 34 in support, 33 against, the rest neutral — only about half got the chance after waiting more than 18 hours for the bill to be heard. After two and a half hours of testimony and debate, the committee left the bill pending. At this point, its chances of advancing further in the legislative process are slim. Monday was the deadline for House bills to advance out of committee, although there are ways to revive bills up to the end of the legislative session. 'We are not out to impact a large industry, but we just want to begin the narrative so that we can start preventing the disposal of these biosolids,' Kerwin said at the hearing. A number of Texas wastewater plants have contracts with fertilizer companies to take their biosolids. Those companies market the fertilizers as nutrient rich and environmentally friendly and sell them to farmers as a cheaper alternative. The bill would require companies that manufacture products made from biosolids to test them monthly for certain PFAS before selling them. Products exceeding certain PFAS limits would need to dispose of them through incineration or at a landfill that will accept them. Companies would be required to publish results online, and violators could face criminal penalties. PFAS contamination is already impacting Texans. The bill comes after at least five farmers in Johnson County sued a fertilizer company alleging that PFAS-contaminated fertilizer made from Fort Worth's municipal waste poisoned their land, killed their livestock, and left them unable to sell anything produced on their farms. County officials issued a disaster declaration earlier this year asking for Gov. Greg Abbott to request federal disaster assistance after dangerous levels of contamination were found on agricultural land. Dana Ames, the environmental crime investigator who discovered PFAS contamination in Johnson County farmland, testified at the hearing that started at 1 a.m last Thursday. 'We've gotten a lot of calls from a lot of farmers that have felt deceived,' she said. 'They feel like they've been duped and lied to … by the companies that are encouraging them to use the product.' Nationally, more than half of sewage sludge was treated and spread on land, according to one study; 19 billion pounds of it was spread on American farms between 2016 and 2021, the nonprofit Environmental Working Group found in 2022. 'Across the country family farms like mine are vanishing, not just from economic pressure, but from environmental negligence,' said Karen Coleman, a farmer from Johnson County. Coleman and her husband Tony took over her father's farm in 2018. The couple didn't spread biosolids-based fertilizer on their land, but they claim storm runoff from a nearby property that used the fertilizer poisoned their land. Groups representing wastewater treatment operators, water utilities and the chemical industry testified in opposition to Kerwin's bill, warning that the bill would have sweeping consequences for how Texas manages biosolids and create costly logistical challenges for cities and utilities without fully understanding the sources or risks of PFAS. '[The bill] creates a de facto ban on land application… and would result in significant increases in wastewater rates paid by the public,' said Sarah Kirkle, policy director at the Texas Water Association. Kirkle and others raised logistical concerns, saying there are only two labs in Texas currently offering PFAS testing for biosolids. She also said there's a lack of short-term storage for biosolids awaiting test results, and uncertainty around landfill space — all of which would make compliance difficult under the bill's timeline. Rep. Tom Oliverson, R-Cypress and a member of the committee, challenged the idea that land application of biosolids should continue at all — especially given emerging concerns about PFAS contamination. 'It seems so obvious that the solid material left over from wastewater treatment is probably not the best thing to spread on land we're going to grow food on,' Oliverson said. 'How did we ever get to a point where someone thought that was a bright idea?' Julie Nahrgang, executive director with the Water Environment Association of Texas, pushed back, arguing that biosolids recycling is a long-regulated, widely practiced method supported by the Clean Water Act. She said the real focus should be on identifying and regulating the sources PFAS comes from. 'Let's ensure that [PFAS] do not make their way into the environment, to then be passively received by utilities,' she said. 'Let's understand that before we create legislation that impacts all of Texas and impacts us overnight.' Oliverson remained unconvinced. 'Just because something's been done historically doesn't mean it's safe,' he said. 'We used to put asbestos in for insulation for a long time and we thought that was a good idea, and then we realized it caused cancer.' Logan Harrell, representing the Texas Chemistry Council, cautioned that the bill sets a precedent for legislating environmental standards directly, rather than deferring to agencies like the Texas Commission on Environmental Quality, the state's environmental regulator. 'This bill departs from the standard process,' he said. The hearing highlighted a key regulatory dilemma: no Texas agency currently has both the authority and responsibility to monitor PFAS in biosolids that are applied to land. Until that changes, officials said, Texas will remain limited in its ability to assess risks or enforce protections. The TCEQ, which permits biosolids disposal, acknowledged that it has not conducted its own PFAS testing in Johnson County. Instead, the agency relied on third-party data provided by the county to draw conclusions. Lawmakers pushed back on that approach. 'You didn't generate any of your own data,' Oliverson said. 'You're just taking their word.' Sabine Lange, TCEQ's chief toxicologist, said the data the agency reviewed showed PFAS levels below the agency's own limits it has set for soil and water. Those limits, originally developed in 2011, are now being updated to reflect the growing body of toxicology research. There is a lot of buzz surrounding PFAS — the chemicals are under increasing scrutiny nationwide. Nearly a dozen Texas counties have passed resolutions urging farmers to stop using biosolids on their land until further testing is conducted. And states like Maine, Vermont, Michigan, and New York have already implemented bans or strict testing protocols. Last year, Texas Attorney General Ken Paxton filed a lawsuit against chemical giants 3M and DuPont, accusing them of misleading the public about the risks of PFAS in various consumer products. Earlier this month, the U.S. Environmental Protection Agency Administrator Lee Zeldin outlined the agency's plans to address PFAS contamination, such as establishing a liability framework to hold polluters accountable. The announcement also said it would continue soliciting public comment on a risk assessment of biosolids, which found fertilizers that contain treated sewage tainted with PFAS can pose a health risk to people who consume milk, eggs and beef. And most recently, during a visit to Texas A&M University in College Station, U.S. Health Secretary Robert F. Kennedy Jr. told WFAA that addressing PFAS contamination was a 'high priority' for him. He said he was aware of the situation in Johnson County and is working with the EPA to come up with solutions like 'ending the production of PFAS.' Days after the hearing, Kerwin said she remains encouraged, even if the bill doesn't advance this session. 'I think the door is opening where we can address this going forward,' she said, acknowledging that the legislation will likely need to be reintroduced next session. Disclosure: Texas A&M University has been a financial supporter of The Texas Tribune, a nonprofit, nonpartisan news organization that is funded in part by donations from members, foundations and corporate sponsors. Financial supporters play no role in the Tribune's journalism. Find a complete list of them here. First round of TribFest speakers announced! Pulitzer Prize-winning columnist Maureen Dowd; U.S. Rep. Tony Gonzales, R-San Antonio; Fort Worth Mayor Mattie Parker; U.S. Sen. Adam Schiff, D-California; and U.S. Rep. Jasmine Crockett, D-Dallas are taking the stage Nov. 13–15 in Austin. Get your tickets today!
Yahoo
08-05-2025
- General
- Yahoo
NYers celebrate American pope at St. Patrick's Cathedral
NEW YORK CITY (PIX11) – Dozens of New Yorkers are outside St. Patrick's Cathedral celebrating the election of an American pope. Bells are ringing at the cathedral on Fifth Avenue on Thursday afternoon, just moments after Cardinal Robert Prevost was announced as the new pope. More Local News Prevost, a 69-year-old member of the Augustinian religious order, took the name Leo XIV. Prevost is a Chicago native who is also a Peruvian citizen and lived for years in Peru, first as a missionary and then as an archbishop. Brian Kerwin, a Villanova graduate, stood outside St. Patrick's Cathedral on Thursday to commemorate Prevost's election. Prevost graduated from Villanova in 1977 with a mathematics degree. Kerwin told PIX11 News he graduated the same year as Prevost. 'To be a classmate, it's unbelievable,' Kerwin said. 'I wish I knew him in college.' Kerwin said he has a 'severely disabled' son whom he takes to church every morning to pray. 'We pray for miracles every day,' Kerwin said. 'To have a Villanova … classmate, an American, I think it's just wonderful.' This story comprises reporting from the Associated Press. Emily Rahhal is a digital reporter who has covered New York City since 2023 after reporting in Los Angeles for years. She joined PIX11 in 2024. See more of her work here and follow her on Twitter here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
