Apple is reportedly developing social video sharing app for launch in 2017
Ahead of iPhone 7 launch next month Apple is in the news for its next venture. The Cupertino based technology giant is planning to launch a video sharing and editing application for its iPhone and iPad. This plan’s main moto is to integrate the social networking applications within its mobile products. Apple’s enter into the new arena is a response to the success of social media-focused companies such as, Facebook and Snapchat according to some people familiar with the matter.
In last quarter Apple’s device business has slowed sown significant which is a “pressing issue” for the company. Since more players emerged in Silicon Valleys as a service provider rather than concentrating on Hardware business — Apple is thinking in the same way. Company’s Chief Executive Officer, Tim Cook, eyeing services by the company, like the same way it generates revenue through the App Storeand iCloud storage.