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Today in Tech: The decline of Japanese electronics

February 7, 2012: 3:55 PM ET

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)

* Amazon (AMZNlowered the prices for its Amazon S3 services. (Amazon Web Services)

* 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)

* Just as it does in many Best Buy and Target stores, Apple (AAPL) is reportedly considering having mini-Apple Store-like setups in Sam's Club locations. (9 to 5 Mac)

* An in-depth look at the popular mobile app Instagram. (Gizmodo)

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