Apps & Software

Software Piracy Issues Remain Unresolved

r218533_855025It remains true that without global IP theft laws which apply equally in all countries the piracy of software and premium entertainment content will never end. The fact was brought home by new data that shows software piracy cost the industry $50 billion worldwide last year.

According to TGDaily, “The worldwide PC software piracy rate rose for the second year in a row, from 38 percent to 41 percent, because PC shipments grew fastest in high-piracy countries such as China and India, overwhelming progress elsewhere.”

The world’s two most populous nations either do not have the resource or the will to cut down an the theft  Since China controls a great deal of the commerce inside its borders, it seems unlikely that it cannot cut the practice of stealing software buy a significant amount. But, that could upset its balance of trade as more money goes to US companies like Microsoft (MSFT).

China may not have an incentive to be helpful.

Douglas A. McIntyre

Get Ready To Retire (Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

 

Have questions about retirement or personal finance? Email us at [email protected]!

By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.

By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.