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Apple can reignite demand for the iPhone by cutting prices, introducing a much cheaper model, or persuading carriers like China Telecom to restart their subsidy programs, added Mawston.

Apple and Google will almost certainly be asked to respond to complaints that they wield too much power over developers in their app stores.

Applause arose from the hall when Zhuo Wu, chairman of the Kenya Chinese Chamber of Commerce, received the group's NGO certificate from Kenyan Deputy President William Ruto at Ruto's residence in Nairobi on Feb 23.

As Bezos launches his philanthropic venture, one wonders how his entrepreneurial mantra about the importance of being “willing to be misunderstood for long periods of time” will be reflected in the fund. Will he play it a little safer in this case?

As China finally introduced the policy of reform and opening-up and abolished the coupon system, more Chinese had the financial leeway to buy goods as they wished on the back of an increasingly open market. Since the 1990s, cash has dominated the payment scene for a substantial span of time.