CE Newswire 08.26.14

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Today's Top 3 Stories #1 Best Buy Revenue Misses Estimates As Customers Shift Online   Best Buy Co Inc, the largest U.S. specialty retailer of consumer electronics, reported lower-than-expected quarterly revenue for the third straight quarter, citing a drop in traffic in its stores as more people shop online. (Fox Business) Why This Is Important: Although Best Buy saw major growth in its online sales, softness in mobile phones took a significant toll. #2 Amazon Pounces On Twitch After Google Balks Due To Antitrust Concerns   One technology giant's loss is another's gain. In May, Variety first reported that Google was in talks to acquire video game streaming company Twitch for more than $1 billion. Three months later, that deal is dead and Amazon.com confirmed on Monday that it's purchasing Twitch for approximately $970 million in cash. (Forbes) Why This Is Important: The purchase of Twitch, gaming's online TV network, opens up Amazon to a potential market of 50 million viewers per month. #3 California First To Mandate Smartphone 'Kill Switches'   In the face of industry opposition, California on Monday became the first state requiring that "kill switches" be built into smartphones to counter theft. (PC Magazine) Why This Is Important: Smartphone manufactures will now have to add anti-theft hardware or software to any phones sold in California (and therefore any phone sold in the U.S.). Apple already added an activation lock in iOS 7 but will still have to come enabled in new phones to comply with the mandate.  4. Swatch To Follow Timex Into Smart Watches (The Wall Street Journal) 5. Whopper Of A Burger King Deal: A Side Of Free Smartphone (CNET) 6. Consumer Reports Shares What's Next In Wearable Tech (WFMY News 2) 7. LG Vows To Bring OLED TV Prices Down (The Wall Street Journal) 8. How To Get Useful Buying Information From Tech Rumors (Life Hacker) 9. Apple Recalls iPhone 5 For Battery Woes (CNN) 10. Fujifilm Unveils A High-End Compact Camera For Control Freaks (Wired) "California has just put smartphone thieves on notice. Our efforts will effectively wipe out the incentive to steal smartphones and curb this crime of convenience, which is fueling street crime and violence within our communities." -- California State Sen. Mark Leno Blog Post of The Day 7 Things You Didn't Know Your Chromecast Could Do By Chandra Steele Using Google means an easier online life - from email and online storage to news and digital maps. But the search giant can also take over your TV with the Google Chromecast $34.99 at Amazon, a streaming dongle that has beat out a similar offering from Roku to become Amazon's best-selling electronic device.  More » Upcoming Events CTIA Super Mobility Week Sept. 9-11 Sands Expo and Convention Center Las Vegas www.supermobilityweek.com CEDIA Expo Sept. 9-13 Colorado Convention Center Denver www.cedia.net Azione Unlimited Fall Conference Oct. 8-10 Sheraton Austin Austin, Texas www.azioneunlimited.com PlugFest20 Oct. 19-24 Los Angeles http://ce.org Was this copy of CE Newswire forwarded to you? Start your own subscription by clicking here. TWICE Editorial Team Greg Tarr, Executive Editor Phone: (917) 281-4760 | Email John Laposky, Managing Editor Phone: (917) 281-4736 | Email Lisa Johnston, Senior Editor Phone: (917) 281-4733 | Email Joseph Palenchar, Senior Editor Phone: (917) 281-4746 | Email Alan Wolf, Senior Editor Phone: (917) 281-4769 | Email

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