Kodak to Stop Making Digital Cameras This Year
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(Image credit: Andrea Smith/ABC)
Say goodbye to capturing Kodak moments.
On the heels of its Chapter 11 bankruptcy filing, Eastman Kodak Company announced on Thursday it will stop making digital cameras during the first half of this year to focus on more profitable areas of the company.
In a statement, the company said it, “plans to phase out of the market for dedicated capture devices — digital cameras, pocket video cameras and digital picture frames — during 2012 to focus its Consumer Business on desktop inkjet, online and retail-based printing: areas that offer the most significant opportunities for profitable growth.”
Kodak’s EASYSHARE Wireless Camera M750, pictured above at the 2012 Consumer Electronics Show in Las Vegas last month, will be among the cameras and pocket video devices that will no longer be manufactured.
Slideshow: Kodak Moments Captured Before the Digital Age
Kodak says it will continue to offer camera accessories and batteries that are compatible with other brands. The company will also, “continue to honor all related product warranties, and provide technical support and service for its cameras, pocket video cameras and digital picture frames.”
Thursday’s announcement comes after the company filed for bankruptcy protection on Jan. 19 to, “bolster liquidity in the U.S. and abroad, monetize non-strategic intellectual property, fairly resolve legacy liabilities, and enable the Company to focus on its most valuable business lines.”
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Sad to see it; bring back the polaroid!!! Nothing beats it, not even today’s cell phone snapshots that never get printed…!
Posted by: Love Polaroids! | February 9, 2012, 2:45 pm 2:45 pm
I never would have pictured it…. ;-)
Posted by: Working_Class | February 9, 2012, 3:44 pm 3:44 pm
they made some terrible digital cameras. how does Kodak go out of business? how does Kodak not keep pace with the digital camera arena? smh.
Posted by: meka | February 9, 2012, 4:40 pm 4:40 pm
so it’s OK for the US Government (that’s your tax money) to bail out GM & Chrysler..and fund (again with your money) companies like Solyndra…but the employees at KODAK end up outside looking in.
Posted by: londontexas | February 9, 2012, 5:03 pm 5:03 pm
The beginning of the end. Predicted when in the middle 1980′s they laid off their most important and skilled employees as a cost saving move. It’s been a slow death ever since. They traided innovation for income security and lost everything in the transaction. They were never able to recover. Sad for them. My father is rolling in his grave… indeed! But the true sad thing is this is just one of a large list of American Industries which will go down the tubes in the next five years. Get used to it America, welcome to being second class in the global industrial arena…
Posted by: robert | February 10, 2012, 1:09 am 1:09 am
Kodak must be non-union since there’s no bailout?
Posted by: newcountryman | February 10, 2012, 10:58 am 10:58 am