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Amazon (AMZN) Prints is a new photo printing service by Amazon
It launched last week
But it seems like people didn’t notice it until today
Shutterfly’s (SFLY) stock dropped 12% today in the last 90 minutes of trading
This is Shutterfly’s worst decline in 8 years.
Shutterfly’s photo books start at $15.99
Amazon’s are more expensive.
Amazon’s photo books are $19.99
However, Amazon has lower prices for their photos
4×6 photos are 9 cents/each at Amazon
And 15 cents/each at Shutterfly
5×7 photos are 58 cents/each at Amazon
And 99 cents/each at Shutterfly
8×10 photos are $1.79/each at Amazon
and $3.99/each at Shutterfly
You need to sign up for Amazon Drive.
You can sign up for a 3 month free trial
To get people to try Amazon Prints
Amazon has a promo for 50 FREE 4×6 photos
We’ll have the promo link in our description
Be sure to type in BABY50FREEPRINTS to get the free photos
Americans spend $2 billion a year on photo printing services
Shutterfly makes 50% of its revenue in Q4.
Many people order holiday cards and calendars from Shutterfly.
Amazon says that they will soon be offering stationary and calendars as well.
This is great news for consumers
Usually more choices lead to more competitive rates for consumers
Can Shutterfly have a great holiday season this year?
We’ll have to wait and see.
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