Kodak to stop making cameras, digital frames

February 9, 2012

Kodak says it will stop making digital cameras, pocket video cameras and digital picture frames in order to focus on its more profitable businesses.

The storied photography company, which filed for last month, says it will phase out those product lines in the first half of this year.

Co.'s consumer business will focus on photo printing and desktop inkjet printers.

Kodak says it's working with its retailers to ensure an orderly transition. The company will continue to honor product warranties and provide technical support for the discontinued products.

The moves are expected to result in annual savings of more than $100 million. The Rochester, N.Y., company expects to take a charge of about $30 million related to the decision.

Explore further: Kodak shares plunge as bankruptcy fears escalate


Related Stories

Kodak restructures amid bankruptcy battle

January 10, 2012

US photography giant Eastman Kodak, fighting to keep bankruptcy at bay, announced Tuesday a major restructuring to speed up its transformation into a digital company.

Photo industry mourns Kodak

January 20, 2012

Photographers, professionals and amateurs alike, are mourning the end of an era after Eastman Kodak, which produced the cameras and film many started hobbies and careers with, filed for bankruptcy.

Experts see tough road for Kodak to reinvent self

January 20, 2012

(AP) -- Even in bankruptcy, Kodak boasts some enviable strengths: a golden brand, technology firepower that includes a rich collection of photo patents, and more than $4 billion in annual sales of digital cameras, printers, ...

Kodak gets 2013 deadline to reorganize

January 20, 2012

(AP) -- Eastman Kodak Co. has obtained a bankruptcy judge's approval to borrow an initial $650 million from Citigroup Inc. to keep operations running while it peddles a trove of digital-imaging patents.

Recommended for you

Dutch create world's largest man-made wave

October 5, 2015

In a country where most people live below sea level, studying the oceans is a matter of survival. Now Dutch scientists have created the world's biggest man-made wave in a bid to prepare for the worst.


Adjust slider to filter visible comments by rank

Display comments: newest first

not rated yet Feb 09, 2012
It's too bad that Kodak missed the boat early on in creating a "good" digital line for their products. I sometimes wonder when it is that corporations like this (or GM or Microsoft) forget that they have to market to a changing demographic even though they have a large user base
not rated yet Feb 09, 2012
One gets tired of buying products from the same company over and over again. Competition is welcomed when it arises.

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.