Behind a pair of recent multibillion-dollar deals in the mobile videogame industry is an expertly crafted weapon: virtual goods sold inside apps for as little as 99 cents a pop. In-app purchases let players spend real money to bypass ads, acquire skills or grow powerful quickly.
Some of the tactics used by Apple to achieve success have hurt its efforts to revolutionize the TV-watching experience. In search of its new big thing, the company has alienated cable providers and networks with an assertive negotiating style.
The rise in wealth and asset prices underscores their increasing importance since the 1990s, and how vulnerable the economy remains to any shock that forces a sudden reassessment of their value, Greg Ip writes.
It will be a big week in monetary policy as the U.S. Federal Reserve and Bank of Japan announce their latest monetary moves and Brazil’s central bank unveils the minutes from its first policy decision under its new governor.