Google’s G1 Hits Market: MediaBytes with Shelly Palmer October 22, 2008

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Google’s first Android enabled phone, the G1, will go on sale today. Google has also made the code for Android available to developers through an Apache 2.0 license that lets developers add to the codebase. The open-source mobile device, available thru T-Mobile, will retail for $179.

Apple reported a 26% increase in quarterly profit yesterday. During the September quarter, Apple also posted a 27% increase in revenue. Steve Jobs noted that after 3 months on the marker the new 3G iPhone has helped Apple become the number 3 mobile phone supplier by revenue, beating out Research in Motion’s Blackberry.

Yahoo announced it would lay off 1,500 employees. The company announced the layoffs yesterday, along with its quarterly earnings, which were down 64%. Yahoo blamed the decrease in revenue on its online advertising business, which have been affected by the souring economy.

News Corp COO Peter Chernin will head to the Supreme Court to fight for Fox’s right to broadcast freely. Chernin will take the stand in the FCC v. Fox Television Studio’s trial, a case that revolves around the use of “fleeting expletives” on television. The case will inevitably decide whether the FCC has the power to punish broadcasters for airing explicit banter.

Plus, today’s consulting question, “What’s happening with Elite XC?” Shelly has the answer on today’s MediaBytes.