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More than a decade ago, Japan pioneered ways to profit from mobile games with a technique called gacha, which nudged players to spend lavishly on acquiring special characters or mighty weapons. Now developers, publishers and analysts say the trailblazers have peaked and their future is one of steady decline.
When Indonesia looked for new ways to fund government spending on coronavirus relief last month, the world’s fourth most-populous nation homed in on a driver of the economy that was still healthy: the Internet.
Apple Inc won its court fight over a record €13bil (RM63.14bil) Irish tax bill in a crushing blow to European Union antitrust chief Margrethe Vestager’s crackdown on preferential fiscal deals for companies.
Apple Inc’s earnings could fall 26% in its 2020 fiscal year if China bans sales of the iPhone, according to Cowen, the latest firm to paint a dramatic picture of the tech giant’s risk in the event that trade tensions between the US and China deteriorate further.
Sony Corp jumped to its highest in more than a decade after raising its outlook for the current fiscal year, thanks to robust sales of the PlayStation 4 console and profits from its stake in recently listed Spotify Technology SA.
India's software services sector will see revenue growth of 7%-9% in constant currency terms in the fiscal year to March 2019, a leading lobby group forecast on Feb 20.
China's Alibaba expects its revenue to expand by 45% to 48% in its fiscal year from April as more small businesses join its online community in search of sales.
Google should be let off the hook from a €1.12bil (RM5.34bil) tax recovery order in France even though fiscal authorities in the country are seeking to recoup that amount, according to an adviser at the Paris administrative court.
Take-Two Interactive Software Inc, best known for its hugely popular Grand Theft Auto videogame series, cut its profit forecast for its fiscal year 2017, largely due to higher royalty payments.