1/12/2006

Nikon to stop making most film cameras

Filed under: — By Aviran Mordo @ 9:51 am

Nikon, the Japanese camera maker, said Thursday that it would stop making most of its film cameras and lenses in order to focus on digital cameras.

The company, based in Tokyo, is the latest to join an industrywide shift toward digital photography, which has exploded in popularity. Rivals like Kodak and Canon have already shifted most of their camera production into digital products.

Nikon said it would halt production of all but two of its seven film cameras and would also stop making most lenses for those cameras. The company will halt production of the film camera models “one by one,” though it refused to specify when.

A company spokesman said Nikon made the decision because sales of film cameras have plunged. In the most recent fiscal year ended March 2005, Nikon said that film camera bodies accounted for 3 percent of the 180 billion yen ($1.5 billion) in sales at the company’s camera and imaging division. That is down from 16 percent the previous year.

Source: News.com

 

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