Apple has acquired its first company this year.
The camera is a key winning factor to today's competitive consumer electronics industry. Nokia, for example, has found its voice again by outfitting its own camera technology into its Lumia devices. But according to a recent report from TechCrunch, Apple has reportedly acquired the developer of the popular camera app, SnappyCam.
SnappyLabs, a one-man startup company built by Australian engineer John Papandriopoulos, is the developer of SnappyCam, a camera app that can take full-resolution images at 20 to 30 frames per second and can zoom up to six times and take photos in various aspect ratios. The app also topped Apple's App Store sometime last year.
On the contrary, Apple's "burst mode" on the iPhone can only shoot 10 photos per second. Apple isn't the only company interested in buying SnappyLabs, the report states. But the Cupertino-based technology giant has issued a boilerplate statement to Re/code, saying, “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”
The financial details of the deal were not disclosed.