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Apple Acquires SnappyLabs

Jan. 06, 2014 11:25 AM ETAAPL
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Seeking Alpha Analyst Since 2013

Aaron Spatz is the writer of SEC Live Filings Digest, detailing the news of companies trading on U.S. stock exchanges. The Filings Digest is but one component of the greater website SEC Live, which specializes in making SEC filings easy to read, research, navigate, and much more.

Originally published at www.seclive.com

Apple Inc. (AAPL) has announced SnappyLabs as its first acquisition in 2014, continuing a trend the company has established as an effort to continue innovations. Apple acquired 11 companies in 2013, which included specializations in mapping, motion-sensing, and social media analytics, among others. The purchase price was not disclosed and the company has declined to comment on the purchase. SnappyLabs, the company of the SnappyCam app, developed the $1.00 app as a way for users to take many photos in rapid succession in high-resolution. Smartphone-makers like Apple and other are all continuing to use a lot of resources to improve the quality and usability of the camera in its smartphones, which has become an important selling point for many users. Nokia, which has dominated the space for advanced smartphone cameras, launched the 1020 smartphone last year, capable of taking pictures at 41 megapixels.

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