Kodak to stop making cameras, digital frames

Feb 09, 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.

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NotAsleep
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
finitesolutions
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.