Wave 1: Konica Minolta to Exit Camera Business
Konica Minolta Holdings said Thursday it will pull out of its money-losing camera business and will sell part of a plant, development knowledge and other assets for digital cameras to Sony.
Instead, the company will focus on technologies that don't cater directly to consumers, such as optics, copiers, medical equipment and device parts used for displays.
Wave 2:
TOKYO -- Nikon, the iconic Japanese camera maker, has put another nail in the coffin of traditional photography with plans to stop selling most of its film models in favor of hot-selling digital cameras.
Nikon said it will end production of all but two of its eight single-lens reflex (SLR) analogue models and axe all of its non-digital compacts, signalling the end of its more than 50 year history of selling film cameras.
Sales will end when stocks run out - news that could trigger a rush by camera buffs to snap up the remaining ones. Experts believe the days of conventional film cameras are now numbered.
Better grab and hold on to your old conventional SLR cameras for it will be a treasure in the future and it's extinction is imminent..
© Desertpinoys 2005
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