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Market
How will Adobe's market share be impacted by Apple's acquisition of Pixelmator by December 31, 2025?
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Market analysis reports from firms like Gartner or IDC
Story
Apple to Acquire Photo Editing Company Pixelmator, Pending Regulatory Approval
Nov 1, 2024, 03:39 PM
Apple has announced its agreement to acquire the popular photo editing company Pixelmator. The acquisition, which is pending regulatory approval, marks a significant move for Apple as it expands its suite of creative software tools. Pixelmator, known for its high-quality photo editing capabilities, will become an Apple-owned product. The financial terms of the deal have not been disclosed. This acquisition is seen as a strategic step by Apple to enhance its competitive edge against other major players in the photo editing software market, such as Adobe. Apple stock is trading under $AAPL.
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