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Bad news, Shutterfly: Amazon is moving into photo printing

Amazon is moving into another sector: photo printing. 

The e-commerce giant this week debuted a new service called Amazon Prints that allows customers to print their digital photos and order souvenirs like photo books, stationery and calendars. 

The new Amazon Prints.

The new Amazon Prints.

Image: screenshot/amazon

So far, that market has been dominated by companies like Shutterfly, which has offered similar options since its founding in 1999. Shutterfly's stock plunged 12 percent in one day after news broke of Amazon's entry into the market, Bloomberg reported

Amazon Prints is only available to customers who use Amazon Drive, the company's cloud storage service. Photos must be stored on the platform to be printed through Amazon Prints.  Read more...

More about Photography, Photos, Shutterfly, Amazon Prints, and Amazon
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