Kodak Is Done Making Cameras
Yes, including digital ones
By Kevin Spak,  Newser Staff
Posted Feb 9, 2012 9:25 AM CST
In this Jan. 8, 2008 file photo, a Kodak representative holds a Kodak digital camera at the Kodak booth at the Consumer Electronics Show in Las Vegas, Jan. 8, 2008.   (AP Photo/Paul Sakuma, file)

(Newser) – It's the end of an era: Eastman Kodak, the company that invented the hand-held camera, announced today that it intends to stop making them in an effort to save money—and yes, that includes digital cameras. It will also stop making pocket video cameras and digital picture frames, reports the Democrat and Chronicle. Executives say the move is a "logical extension" of their current strategy, and will save Kodak more than $100 million a year. The company filed for Chapter 11 bankruptcy protection last month.

Right now, Kodak makes three-quarters of its revenue from digital, notes Reuters, but it will now shift its efforts to licensing its brand name, photo printing, and desktop printers. The company says it will continue to honor warranties on cameras it has already sold.
 

My Take on This Story
Show results without voting  |  
5%
3%
3%
84%
1%
3%