iPhoto users will be able to transfer their data to Photos app
It is now time for us to move on from the iPhoto application just like Apple has. The new Photos app was recently announced at the famous WWDC event and now it is not only going to replace the iPhoto app but also Apple's professional photography application, Aperture. So far Apple hasn’t said much about this new progress and it has remained silent on this and we are not sure what is going to happen to iPhoto. However, a statement of demise has been issued for the Aperture.
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According The Loop, Apple has claimed that "With the introduction of the new Photos app and iCloud Photo Library, enabling you to safely store all of your photos in iCloud and access them from anywhere, there will be no new development of Aperture. When Photos for OS X ships next year, users will be able to migrate their existing Aperture libraries to Photos for OS.”
If you have been a regular user of the iPhoto there is nothing to worry about. Your images and albums are secure and you can easily have them transferred to the new Photos app. There is nothing to lose; you are going to get your albums, folders, captions, and edits applied to all photos.