The inventor of Digital Camera, Eastman Kodak Co, announced on Thursday that they will stop making digital cameras, pocket video cameras and digital picture frames. This news came weeks after the company filed for Chapter 11 bankruptcy.
Kodak is expected to cut losses by about $100 million a year by exiting the digital camera market. Kodak will continue to produce retail-based photo kiosks, inkjet printers, online photo gallery and apps, and camera batteries and accessories. It will also try to license its EasyShare digital camera brand.
A Kodak moment of silence please…..