YouTube is working on a major site overhaul to organize its content around “channels” as it positions itself for the rise of Internet-connected TVs that allow people to watch online video in their living rooms, writes the WSJ’s Jessica Vascellaro and Amir Efrati. Changes to the homepage will highlight sets of channels around topics such as arts and sports and approximately 20 “premium channels” will feature 5 to 10 hours of professionally-produced original programming a week, according to a Vascellaro/Efrati source.
Retailers risk losing the majority of mobile device users unless they make mobile shopping easier and more engaging, writes Jessica Woh. While 89.7 percent of Americans aged 18 to 64 have mobile phones, only 49.1 percent use their phones to shop, according to marketing service Arc Worldwide. Consumers who use mobile phones to shop are able to compare prices on the go and are seen as less likely to make impulse buy, Woh adds.
Research In Motion’s quarterly net profit jumped 32 percent, boosted by strong global BlackBerry smartphone sales. But a weaker-than-expected outlook as it spent heavily on the launch of its PlayBook tablet next month, sent RIM’s shares tumbling after the bell.
Amazon.com opened its store for Google Android smartphone applications, ratcheting up its fight with Apple after the iPhone maker sued Amazon in a bid to stop the online retailer from improperly using its App Store trademark.
Time Warner Cable, the No. 2 U.S. cable operator, isn’t a fancy company. Ever since its spin-off from Time Warner Inc it has focused on being a steady-as-she-goes friendly neighborhood telecommunications provider with video just being one of the services it carries through its pipes alongside Internet and voice.
Research in Motion is a front runner in the race to convert billions of feature phone users into data-wielding smartphone customers but is seen possessing only a small window of opportunity to reinvigorate itself and match the momentum of rival mobile monarchs Apple and Google in a life-or-death battle for relevance, writes Alastair Sharp.
Facebook signaled an increased interest in deals, poaching a member of Google’s corporate development team to lead its fledgling merger and acquisition efforts and underscoring the rivalry between the social networking company and the search engine giant.
Hundreds of people across the U.S. lined up to get their hands on Apple’s iPad 2, the update to last year’s wildly popular tablet computer. If you’re wondering how much the iPad 2 could cost you, Michael Hickins of The Walls Street Journal adds up the tab and discovers you could easily spend $300 on top of the $499 price tag for the cheapest model. Tablet sales are expected to surge to more than 50 million units this year, with Apple capturing more than 70 percent of the market.
Fresh off a recent $9.6 million funding round, Cooliris is launching a new app that aims to re-invent the old-fashioned product catalog for the iPad generation.
Steve Jobs may be on medical leave from Apple, but he was brimming with vigor, and seemingly itching for a fight, when he took the stage to unveil the new iPad 2 on Wednesday.