Apple More Deeply Joins Line Of Shutterfly Threats… More To Come
Shutterfly, Inc. (NASDAQ: SFLY) gets a bash whenever there is news that another player is going to come more into the cloud photo services. Reports that Apple Inc. (NASDAQ: AAPL) is expanding its iCloud services to include more photo sharing features…
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The long and short of the matter is that Shutterfly is far better off having paid out literally a few million dollars to acquire the online photo posting service of Eastman Kodak out of bankruptcy court. This photo sharing business is a competitive one and you have not heard the last of the announcements out there on this front. The hardest part to consider is just how many of these services are going to make money in the long haul.
Shutterfly shares are down almost 6% at $25.05 against a 52-week range of $21.34 to $64.45.
JON C. OGG
Contact [email protected] for any questions or corrections.
Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.
