A few short years ago the photographic industry was served by a range of support associations covering commercial distributors, retailers, prolabs, professional photographers and keen amateurs.
They say the past is another country, but in putting together this little overview of where we have come from, it’s startling to see just how different a country, and in such a relatively short period of time. As an industry – profession photographers, specialist retailers, prolabs and distributors – where we are today is barely recognisable from where we were just 10 years ago. Just six years ago the industry held an event at the Melbourne Exhibition centre which attracted around 17,00o people over three days – most paying an entry fee – and included the annual APPA awards. Those days have gone. They were gone well before Covid put its spikey foot through the scenery.
As of August 30th, 2021, Amazon announced that it has come up with a new mode of payment that it will allow its customers to use. Amazon stock (NASDAQ: AMZN) was up by 2.4% on Monday 30th recorded at 1.30 pm EDT. This increase may not be remarkable but on $1.7 trillion stock, it is equal to adding $40.8 billion into the market capitalization.
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To understand the rise following the announcement, let us go back to a couple of days ago. Affirm Holdings (NASDAQ: AFRM) “buy now, pay later” stock teamed up with Amazon. And Affirm Holdings said that Amazon will let its customers use this service as a payment option during the checkout process.