Are Printed Photos Going Extinct?

From ABC News:

The Number of Photos Printed Worldwide Is Dropping by the Billions as Facebook Makes the Glossy Print Old-Fashioned.

The glossy print, it seems, is losing its sheen. According to estimates from IDC, 42 billion photos will be printed worldwide, both commercially and personally, in 2013. That’s a third less than the 63 billion printed in 2008. Meanwhile, about 124 billion photos are on pace to be shared through social networks that year. If it maintains its momentum, Facebook will likely be hosting the lion’s share of these images. The advent of the affordable digital camera circa 2001 was hard enough on the photography industry. People no longer had to buy film, since photos could be stored on memory cards or on a computer hard drive. Now Facebook is slowly but surely turning the nozzle of the industry’s only other real revenue stream: photo printing.

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