PayPal's expansion strategy focusing on partnerships and acquisitions appears to be paying off with a better-than-expected year-to-year profit gain of 18% in Q3. The company now projects stronger earnings through the remainder of the year, particularly in the mobile sector.
US-based smart lock maker August Home will be purchased by Swedish lock company Assa Abloy, with the acquisition expected to close in the fourth quarter. Assa Abloy will maintain the August Home brand in the US, and company co-founder Jason Johnson will stay on as CEO.
Ultimate Ears has released two new smart speakers, Blast and Megablast, which were designed specifically to work with Alexa's ecosystem. These speakers have been updated with a battery to increase portability, while some Bluetooth features have been removed for better Wi-Fi connectivity.
Tapjoy is adding another form of rewarded video ads with the introduction of rich media End Cards. The cards offer calls to action that include purchases, website visits and app downloads as well as the opportunity to initiate social media conversations.
A group of tech giants plans to lobby Congress for a law to allow the young immigrants known as "dreamers" to stay in the country legally for work. The Coalition for the American Dream includes such names and Microsoft, Google, Facebook and Uber.
General Electric is expanding its presence in software and services for businesses in a partnership with Apple to develop mobile apps for industrial purposes. The deal builds on GE's efforts to provide experiences for businesses comparable to those available to consumers, writes Alex Webb.
The amount of time US children under the age of 9 spend using mobile screens has increased from 15 minutes in 2013 to 48 minutes today, based on a Common Sense Media report. Part of this is likely driven by increased access to mobile devices, as industry data indicates 98% of homes with children ages 8 and under in them have at least one mobile device, if not more.
Niantic CEO John Hanke says that the future of augmented reality is in smart glasses and that the technology will be common in about five years. An estimated 40 million people in the US will use AR at least once a month this year, and that number should increase to 54 million by 2019, an eMarketer report states.
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