Kodak, the company that was once synonymous with cameras, is shuttering its digital camera business. This is the latest cost saving move put into place by the 131 year old company that filed for bankruptcy protection in January. At one time Kodak had more than 90 percent of film sales in the US but since the introduction of digital photography it has struggled, unable to find a niche for itself. It will now concentrate on retail based photo printing and desktop inkjet printing but it will phase out its business lines in digital cameras, pocket video cameras and digital picture frames. Let’s all collectively pause for a moment of silence or dare I say a “Kodak moment” of silence.
Source: PC World