Pearl estimates the most active group of e-commerce customers numbers only 2-3 million.

FORBES: The Growing Pains of Indian E-Commerce: What You Need to Know

They are quite content to have their capital embodied in physical goods destined for future sale, in shares in industrial undertakings, in real estate which brings in rentals, or in loans to active men engaged in industry and commerce.

FORBES: What Is the Liquidity Premium? What Does It Mean?

In Nepal, the ministry of industry and commerce, mentioned on the main government site, had no active links.

ECONOMIST: Look it up on the web | The

Importantly for Apple, there are over 225M active iTunes accounts today positioning Apple to have a significant role in mobile commerce.

FORBES: Implications of Black Friday: Apple, Amazon, Ebay

"The adoption of mobile across our markets, combined with our e-commerce capabilities, technology and brand, means we now have nearly twice as many active online customers than we had in 2010, " he commented.

BBC: Paddy Power has 'strong year' in 2012