Consumer prices

Share to Twitter Share to Linkedin Despite inflation’s rise, with U.S. consumer prices jumping 9.1% in June , national brands have held their own, maintaining and even slightly growing dollar share versus private labels. However, as inflationary pressures worsen, risk of an uptick in private label consumption is looming as shoppers look for more ways to stretch their dollars. More than 40% of consumers say they have been buying more private brands now than before the pandemic, according to The Power of Private Brands report from the Food Marketing Institute (FMI). Furthermore, three quarters of shoppers anticipate continuing to purchase more private labels in the future. Brands will face more threats from private labels in the coming months, which is further exacerbated by outright promotion by retailers, including Save A Lot’s latest ad campaign . This threat is magnified online because retailers can take up more “shelf” space, with private … [Read more...] about Battle Of The Brands: Staving Off Private Label Threats As Consumers Consider Trading Down

Share to Twitter Share to Linkedin iPhones are about to get more expensive. Recent iPhone 14 leaks claim Apple will raise prices, though there is disagreement on how much and which models. Now, one of the industry’s most respected insiders has an explanation. In new tweets , TF International Securities analyst Ming-Chi Kuo estimates that the “iPhone 14 series ASP [average selling price] would increase by about 15% vs iPhone 13 series ASP.” Yes, 15% is significantly higher than previous price leaks , and it has set alarm bells ringing about a potential $1300 entry-level iPhone 14 Pro Max. But the full picture is a little more complicated. Kuo explains that the average ASP for iPhone 14 models will be circa $1,000-$1,050 “due to two iPhone 14 Pro’s price hikes and higher shipment proportion.” Breaking this down is difficult, but Kuo’s numbers indicate that the iPhone 13 range’s ASP was closer to $900. This means customers are expected to pay, on … [Read more...] about New Apple Exclusive Exposes iPhone 14 Price Shock

Share to Twitter Share to Linkedin 05/28 Update below. This post was originally published on May 25 Apple's iPhone 14 range looks set to increase prices significantly . And now we have a better idea why... Popular Korean tech site ET News reports that, for the first time in iPhone history, Apple will install a South Korean front camera in its smartphone. The camera will bring major upgrades in image quality ( broken down here ), but comes with an eye-watering cost increase. 05/27 Update: further details of Apple's iPhone 14 production plans have now leaked and they come from two of the industry's most credible sources. First acclaimed Apple analyst Ming-Chi Kuo has revealed that production of the new iPhone 14 Max "is running behind". Kuo cites the Shanghai lockdown as a factor but says he is hopeful that "suppliers can work overtime to catch up with the schedule." Adding further context is Ross Young, CEO of Display Supply … [Read more...] about Report: New iPhone 14 Front Camera Component Will Triple In Price

Share to Twitter Share to Linkedin 07/17 Update below. This post was originally published on July 14 Apple leaks have revealed that iPhone 14 Pro models will receive multiple exclusive upgrades and higher pricing . But now a new report claims standard iPhone 14 models will also receive a price bump, despite being virtually unchanged from their predecessors. Speaking to The Sun , Dan Ives, head of popular analyst group Wedbush Securities, cites supply chain prices as the driving force behind the increase. "We believe a $100 price increase is coming for the iPhone 14," explained Ives. "Prices have been increasing across the whole supply chain, and Cupertino needs to pass these costs to the consumer on this release." If correct, the iPhone 14 lineup would breakdown as follows: iPhone 14 - $899 (iPhone 13 $799) iPhone 14 Max - $999 (iPhone 13 Mini $699) iPhone 14 Pro - $1099 (iPhone 13 Pro $999) iPhone 14 Pro Max - $1199 … [Read more...] about Apple Analyst Reveals iPhone 14 Price Hikes

Share to Twitter Share to Linkedin Rising prices at the grocery store have many of us paying more attention to the cost of our food, and how systems that feel outside of our control influence those prices. While it can be challenging to convey or grasp the scope of the world’s food system, one organization is taking this concept to the supermarket shelves by showing people the actual cost of some items on the shelves — from the land used to grow produce, to the growers who provide it, to the businesses that bring it to the shelves — and raising awareness of the need for economic and agriculture reforms. Many food businesses maintain a focus on maximizing their margins for profit, but some companies are realizing the implications of their actions and adopting practices to protect the future of the planet and people. To help these companies, Michel Scholte co-founded True Price , a Netherlands-based organization that aims to reduce food insecurity and shape a … [Read more...] about What’s The True Cost Of Your Food? True Price Incorporates Social And Environmental Impact

With inflation at record levels, the survival of your business depends on whether you set the right price for your products. Why is pricing so important now? In a nutshell, it affects all a company's stakeholders -- including consumers, employees, suppliers, competitors, and shareholders. Sadly, there is no simple formula for how to balance the interests of your company's stakeholders, and the right answer varies by industry and company. Here is how to think about pricing through the lens of each stakeholder based on a Charlotte, North Carolina, restaurant -- Good Food on Montford (GFOM). 1. Customers If you are the dominant provider in an industry with few competitors, you may be able to raise prices to maintain high profit margins. Most businesses face rivals who compete by giving customers more of what they want at a low price. If business leaders decide to be a low-cost producer , they should offer a good product at the lowest price. If they want to be … [Read more...] about Set Prices With 5 Stakeholders in Mind

Share to Twitter Share to Linkedin British speaker brand Q Acoustics has been making some ground-breaking speakers over the past decade with a perfect balance between price and performance. Last year I reviewed the company’s flagship Concept 300 bookshelf speakers and now I’m following up with a review of Concept 30, a more affordable pair of bookshelf speakers that share many of the more expensive Concept 300 features, including the innovative quadruped stands. With its design cues and acoustic technology based on the flagship Concept 300, this new pair of speakers can deliver audiophile performance at a relatively affordable price. The key feature of the Concept range is the cabinet's design, which is engineered to be as quiet as possible. Largely unaffected by internal and external resonances, these gorgeous-looking speakers produce a tightly focused soundstage that gives the impression of a live performance. The construction of these new speakers is … [Read more...] about The Q Acoustics Concept 30 Speakers Are Packed With Innovation And They Sound Superb

Share to Twitter Share to Linkedin Apple’s decision to continue with its entry-level MacBook Pro remains curious, sitting as it does in a no man's land between the popular MacBook Air and the capable 14-inch and 16-inch MacBook Pro laptops. It’s hard to justify recommending this laptop. Not only that but there are compelling reasons to ignore the MacBook Pro and consider Apple’s MacBook Air. First up is the power. Tim Cook and his team are rightly proud of Apple Silicon and the impact this has had on the Mac product line. Consumers are conscious of an increase in battery life, the ability to run at cooler temperatures, and no loud fans or active cooling… big ticket items. Moving to ARM made these relatively easy to achieve… something that felt just out of reach for the Intel x86-based MacBook Airs. Much is made of Apple Silicon’s increased performance and power, but that’s further down the list of demands a MacBook Air user will likely need. By that, I … [Read more...] about Forget The New MacBook Pro, Apple Has Something Much Better

Share to Twitter Share to Linkedin Last week an eye-opening report claimed that Apple will split its iPhone 15 release in two with standard models continuing to use the Lightning port and Pro models moving to USB-C. Now a new iPad leak has made this twist seem even more likely. In an exclusive report, 9toMac has revealed Apple's next entry-level iPad will pack an A14 Bionic chipset, support for 5G and — yes — that it will drop Lightning in favor of a USB-C port. And this indicates a decisive shift. If correct, the leak would mark a major first: the first time Apple has released a consumer-focused mobile device with USB-C. The iPad Pro made the transition to USB-C back in 2018, but Apple justified the move by saying the port was only needed by professionals. Even today, Apple promotes USB-C on the iPad Pro for its compatibility with accessories such as DSLR cameras, external monitors, external storage, audio interfaces and MIDI devices ahead of … [Read more...] about New iPad Leak Opens Door For iPhone 15 USB-C Move

Share to Twitter Share to Linkedin Apple will give the iPhone 14 Pro an eye-catching redesign this year, but now a new leak has revealed an even more significant design change is coming next. Popular anonymous industry insider LeaksApplePro , claims that Apple will break with convention by carving the iPhone 15 and iPhone 15 Pro release in two. Non-Pro models will stick with Apple's proprietary Lightning port while iPhone 15 Pro models will move to USB-C. And that's just the start. With pressure mounting on Apple following the EU's decision to force all smartphone manufacturers to adopt USB-C by Fall 2024, LeaksApplePro shows the iPhone maker will jump before it is pushed. "Lightning is coming to an end," the leaker states, revealing that the split port release of the iPhone 15 range in 2023 will be followed by the full-range switching to USB-C for the iPhone 16 lineup in 2024 ahead of the EU deadline. Interestingly, LeaksApplePro points out … [Read more...] about Forget iPhone 14: Apple Insider Reveals iPhone 15 Split Release Strategy