Apple Drops Prices for iCloud Data Storage

icloud price drop

Apple has dropped prices for data storage on iCloud. The company announced the changes in conjunction with the release of a new set of iPhones and new mobile operating systems, iOS 8 and OSX 8 Yosemite.

The new pricing was eclipsed by the announcements of the iPhone 6, iPhone 6 Plus, and by Apple Pay, a mobile payment platform that allows users to pay with their smartphones. There was also the unveiling of Apple Watch. But the changes are significant in view of similar moves in cloud storage by competitors.

Under the new pricing plan for iCloud storage shown on the iCloud homepage, 5GB remains free. The rest of the pricing under the new plan is as follows:

  • 20GB is now $0.99/month
  • 200GB is now $3.99/month
  • 500GB is now $9.99/month and
  • 1TB is now $19.99/month

iCloud users can choose to either upgrade or downgrade their storage options by accessing the “Settings” app on their devices under iCloud choose “Storage & Backup” and then “Change Storage Plan,” reports. The new storage options are now live and the prices reflect discounts on old prices with more storage available.

The price cuts come as a number of other cloud storage providers have also started dropping their rates and begun offering more space at a lower cost for digital files and other tools. Amazon, Dropbox, and Google have all recently reduced pricing plans for their cloud storage and services.

Along with the introduction of new iCloud rates and iOS 8, Apple has also unveiled the iCloud Photo Library and iCloud Drive. The company says iCloud Photo Library allows users to share photos across their numerous devices and among different users. iCloud Drive will let users save numerous types of files, including presentations, spreadsheets, PDFs, other images, and more.

In a press release announcing some of the new features, Apple explains:

“Make edits on one device and the most up-to-date version of your documents will be available across all devices, whether an iOS device, Mac®, Windows PC or on iCloud Drive brings a whole new level of collaboration between apps, providing seamless access and the ability to work on the same file across multiple apps.”

Apple is releasing information to developers to create apps that will work within iCloud Drive, so that instead of using other apps to work on the stored files, they can be opened and edited from within the system.

Apple introduced iCloud in 2011. And the company unveiled iWork for use within iCloud just over a year ago. The beta version of iWork included simplified versions of apps for document creation and editing, image editing, and other business productivity features.

Image: Apple


Seven IIMs hiked training prices in past years

IIM Kozhikode hiked tuition fees by 23.1%, IIM Trichy by 20%, IIM Ranchi by 19% and IIM Calcutta by 17.3%. Photo: Hindustan Times

IIM Kozhikode hiked training fees by 23.1%, IIM Trichy with the aid of 20%, IIM Ranchi with the aid of 19% and IIM Calcutta via 17.three%. photograph: Hindustan times
New Delhi: Seven Indian Institutes of management (IIMs) hiked route costs with the aid of five% to 30%inside the past academic years, the human aid development ministry stated on Monday.

IIM Lucknow crowned with a hike of 29.6%, even as IIM Ahmedabad noticed the smallest trade at five%,similar to IIM Shillong, HRD minister Smriti Irani informed Parliament on Monday, putting forward that themove had little impact on terrible college students.

There are 19 IIMs in the us of a.

IIM Kozhikode hiked training fees by way of 23.1%, IIM Trichy via 20%, IIM Ranchi through 19% and IIM Calcutta by 17.three%, the HRD minister said.

The trendy round of hikes came about as lately as March-April.

IIM costs have been within the range of Rs.10 lakh to Rs.19.5 lakh for the flagship postgraduate programme in management.

price hikes are a part of the contentious IIM invoice, supposed to give the HRD ministry extra control over the functioning of the elite commercial enterprise faculties. The bill has been adversarial by way of the institutes, their alumni associations and governing boards.

In June closing yr, A.M. Naik, then chairman of IIM Ahmedabad and institution government chairman of Larsen and Toubro Ltd, and J.J. Irani, chairman of the board of governors of IIM Lucknow, wrote to the HRD ministry, protesting towards the “sweeping centralization of electricitythrough the bill.

within the face of complaint, the bill has been redrafted, but it has no longer been tabled in Parliament yet.the brand new draft has no longer been made public either.

Irani stated on Monday that the hike in lessons prices did not have an effect on the pupil populace as IIMs provide a number of financial help and help in securing loans.

“The hike in training price has now not adversely affected the terrible and decreasemagnificence college students given that institutes increase financial assistance, together with full tuition charge waiver andpreservation allowance, to needy students. similarly, different students are facilitated in gettingeducational loans from banks,” Irani stated.

price hike in IIMs has by no means been a hassle for our students. as soon as a pupil gets decided onfor an IIM, banks are extra than willing to offer a loan… the go back on funding is quite handsome,” saidan IIM professor who did not want to be named.

The average income an IIM graduate receives on of completion of the course levels between Rs.elevenlakh and Rs.17 lakh in line with annum.

The professor said that the HRD ministry’s explanation at the rate hike to Parliament is critical from twoangles—first, the ministry does not consider that the hike is retrograde and, second, it may be a demonstration of what’s in store within the new IIM invoice.

Irani stated IIM expenses are not linked to those of other instructional institutions. “IIMs areindependent establishments and are ruled by using their respective memoranda of association andpolicies of the society, which consist of the fixing of charges and other charges as consistent withprovisions contained therein,” she said.

Higher palm oil prices a blessing for FMCG majors

Higher palm oil prices a blessing for FMCG majors

The increase in prices of palm oil or palm fatty acids (PFAD) – a key input used in making soaps – is seen as a blessing in disguise for listed fast-moving consumer goods (FMCG) companies. Typically, price hikes led by input-cost inflation tend to hurt demand. However, that’s not be the case this time. PFAD prices rose 13 per cent in February this year on a month-on-month basis. This will necessitate price hikes in soaps in the coming months or reduction in excessive promotional activity levels in the segment, which could edge out smaller unorganised players.

“We expect promotions in the soaps segment to unwind given high inflation in PFAD over the past few months,” say analysts at Kotak Institutional Equities in a report.

Hindustan Unilever (HUL), Godrej Consumer Products (GCPL) and Jyothy Laboratories, which have a meaningful presence in the soaps segment, will benefit from these developments unless PFAD prices surge significantly from hereon.

Rising input costs will enable these companies reverse the price deflation particularly in the soaps business. Historically, periods of weakening PFAD prices are accompanied with intensified competition from smaller, unorganised players. This, in turn, forces the organised players as well to cut product prices and protect their market shares. This theory played out in the past few quarters as well.

HUL’s soaps and detergents revenues put up a weak show in the past three quarters (ending December 2015) and fell 0.1 per cent to 1.6 per cent due to continued price deflation. Prior to this, the segment was growing at a healthy clip of five per cent on a year-on-year basis. Similarly, Jyothy’s soaps and detergent revenue growth came down from 8.2 per cent in the June 2015 quarter to 3.8 per cent in the December 2015 quarter. For GCPL, too, this metric has come off from 13 per cent to two per cent in the said period.

Higher palm oil prices a blessing for FMCG majors

Both HUL (46 per cent) and Jyothy (75 per cent) derive a significant chunk of their revenues from the soaps and detergents segments. For GCPL, soaps form about 30 per cent of its domestic revenues. Unlike HUL and GCPL, detergents form a major pie of Jyothy’s soaps and detergents segment revenues. Though ITC, too, is present in the soaps business, it is too small to have a meaningful impact on the company’s financials.

The improvement in realisations, though, will be at a gradual pace. This is because when compared to February 2015 levels, PFAD prices are still down 12 per cent.

Rakshit Ranjan, FMCG analyst at Ambit Capital, says, “Most FMCG companies have cut prices sharply since August 2015. So, till August this year, realisations will reflect a declining trend on a year-on-year basis and the impact of price hikes will be visible only after August.” While price hikes will restrict the fall in segment margins, overall earnings before interest, taxes, depreciation and amortisation (Ebitda) will move in tandem with other input costs, advertising spends, etc. Analysts believe FMCG companies’ Ebitda margins could continue to gain from input cost tailwinds in the coming two quarters as well before starting to reverse.