Goodbye iPhotos and Aperture - but not everyone is pleased at Apple changes

Apple said Photos will incorporate many of Aperture's advanced editing features, and photos from both Aperture and iPhoto will be migrated to the new app.

"With the introduction of the new Photos app and iCloud Photo Library, enabling you to safely store all of your photos in iCloud and access them from anywhere, there will be no new development of Aperture," Apple said in a statement to The Loop blog, which first reported the story. "When Photos for OS X ships next year, users will be able to migrate their existing Aperture libraries to Photos for OS."

Apple will provide compatability updates for Aperture on Yosemite, but further development will cease by the end of the year, TechCrunch reported. The last major update to Aperture came in 2010.

The news came as a surprise to many, the San Jose Mercury News said, and dismayed fans of Aperture, which was released in 2005 as a challenge to Adobe's Photoshop. "This is really a sad day. Apple really has time and time again abandoned the Pro customer, who supported Apple thru the hard dark days of past," user "Mac Carlos" said in an Apple forum.

Adobe quickly reacted. They announced. "We're doubling down on our investments in Lightroom and the new Creative Cloud Photography plan and are committed to helping interested iPhoto and Aperture customers migrate to our rich solution across desktop, device and web workflows."

Apple shares rose 1.2 percent Friday, or $1.08, to $91.98. Adobe slid 1.2 percent, or 85 cents, to $72.

Yahoo shares rose 1.6 percent, or 59 cents, to $34.25, after reports that it was bidding $250 million to buy YouTube content provider Fullscreen, a Southern California media company founded in 2011 by former Google exec George Strompolos.

Tesla Motors gained 1.5 percent, or $3.57, to $239.17, as it appeared close to winning a legal battle in Pennsylvania to open five stores to sell its electric cars directly to consumers.