Apple buys Snappycam (high speed photography camera app developed by Ph.D developer)
Are camera apps going to become a hotbed of acquihire and/or acquisition? Apple is fanning the flames today as they have confirmed that they purchased the Snappycam app by buying the one-man-company developing the app, SnappyLabs. Since the acquisition, the app left the iOS app store and the app's websites went blank. According to the app profile at Tech Crunch, this app took two years to develop and the developer holds a Ph.D degree in electrical engineering. The developer stated that he talked to multiple companies about a potential acquisition, perhaps what was left unsaid was that a bidding war was in progress?