Say it isn't so! Will there never be another "Kodak moment?"
Eastman Kodak Co, the inventor of the digital camera, plans to get out of the camera business in the first half of this year as the bankrupt company looks to cut costs.
Kodak will stop selling digital cameras along with pocket video cameras and digital picture frames. It also will stop making film. However, that won't make much of a difference as the sale of film has become almost non-existent in recent years. The cost of keeping the film factories open probably exceeds the revenue produced by dwindling sales.
Want to buy some microfilm so that your society can create microfilms of old records? Sorry, Kodak won't be selling any. In fact, almost all of Kodak's competitors have also stopped making microfilm. Kodak pioneered microfilm to image checks in the 1920s and continued to develop the technology for decades. Although once a leader in the field of microimaging, Kodak suffered financially as sales of microfilm and associated hardware slowed to a trickle, only to be replaced by cheaper digital technologies. Now all manufacture of microfilm has ceased.
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