Fortune's curated selection of tech stories from the last 24 hours. Sign up to get the round-up delivered to you each and every day.
* Sony (E), Sharp, and Panasonic's combined losses for the fiscal year will total a whopping $17 billion. The Wall Street Journal explores why this Japanese tech trifecta is losing consumers. (The Wall Street Journal)
* Why Facebook's recent claim of 845 million monthly active users and 483 million daily active users may not be entirely accurate. (The New York Times/DealBook)
* Predictions for the iPad 3 are picking up. Chief among them: a display with double the resolution as the iPad 2, powered by a significantly faster processor. (PCWorld)
* An in-depth look at the popular mobile app Instagram. (Gizmodo)
Don't miss the latest tech news. Sign up now to get Today in Tech emailed every morning.
Dubbed 'Google Storage for Developers,' the new service will compete with Amazon's S3 for app dollars.
As part of Google I/O today, the company unleashed its Google Cloud Storage product, which is squarely aimed at the same market as Amazon's (AMZN) S3 but has some significant advantages, including aggressive beta pricing (free) and integration with Google's App Engine platform.
The pricing for Google Storage is as follows:
Upload data to Google
Download data from Google
$0.15/gigabyte for MORE
|The Deep Web you don't know about|
|AT&T cuts prices again|
|Pizza chain Sbarro files for bankruptcy|
|"True Detective" season finale crashes HBO Go site|
|Once bankrupt, Vallejo still can't afford its pricey pensions|