Tech news from around the web:
- Citigroup analyst Mark Mahaney has broken down some of Google’s opportunities for new billion-dollar businesses, says TechCrunch. According to his estimates, YouTube’s gross revenues hit $825m in 2010 and will reach $1.3bn in 2011 and $1.7bn in 2012.
Amazon has just updated the Kindle, giving the world’s most popular e-reader a much-needed facelift just in time for the back-to-school and holiday shopping seasons.
The new device is sleeker, stronger and faster than the previous Kindle. Its body is 21 per cent smaller and 15 per cent lighter at 8.7 ounces. It has double the battery life at one month, plus double the storage capacity — enough for 3,500 books.
At $139 for a wifi only version and $189 for 3G, the new Kindle puts e-readers firmly within reach of mainstream consumers. For those looking for a cheap way in to digital reading, the Kindle is a compelling package.