Today in Tech: Why TVs are cheapest they've ever been

December 28, 2011: 3:30 AM ET

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* Thanks to oversupply and competitive pricing, TVs are the cheapest they've ever been. It's a situation that's causing major problems for retailers and manufacturers, including significantly lower profits, and in Sony's case, forcing the Japanese company to overhaul its TV operations. (The New York Times)

Google+ gained 12 million users this month, bringing the nascent social network's total tally to 62 million. At this rate, Google+ could have 293 million users by the end  of 2012. (AllThingsD)

* If the numbers are any indication, there are a lot of happy consumers out there...  Christmas Day proved to be the best day ever for activation of Apple iOS and Google Androiddevices. On a typical day, activations range between 1.3 million and 1.8 million, but this past Dec. 25, that number soared to 6.8 million. (Flurry Analytics)

* Despite the company's missteps earlier this year, people still spend more than twice as much time on Netflix (NFLX) than they do on TV streaming service Hulu. (TechCrunch)

* Meet YouTube Slam, a new "Hot or Not"-type experiment where emerging viral videos go up against one another and users vote for a winner. (VentureBeat)

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About This Author
JP Mangalindan
JP Mangalindan
Writer, Fortune

JP Mangalindan is a San Francisco-based writer at Fortune, covering Silicon Valley. Since joining in 2010, he has written on a wide array of topics, from the turnaround of eBay to the evolution of net neutrality. A graduate of Fordham University, Mangalindan has also written for GQ, Popular Science, and Entertainment Weekly.

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