Kodak shutting down camera business

The hits just keep coming for Kodak. After announcing earlier last month that they are filing for Chapter 11 bankruptcy, the beleaguered brand has now announced it is exiting the camera business, which includes their digital cameras, photo-frames and pocket camcorders. This comes as a bitter and ironic blow to the 131-year old company, as Kodak was the one who invented the digital camera back in 1975. The company will complete the move in the second half of this year, which leaves licensing, printers and photo labs as its main source of income. The company says that it will still honor warranties of its products as long as they are valid.

Source: Reuters