Rochester, NY – Kodak says it will stop making digital cameras, pocket video cameras and digital picture frames in order to focus on its more profitable businesses.
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The storied photography company, which filed for bankruptcy protection last month, says it will phase out those product lines in the first half of this year.
Eastman Kodak Co.’s consumer business will focus on photo printing and desktop inkjet printers.
Kodak says it’s working with its retailers to ensure an orderly transition. The company will continue to honor product warranties and provide technical support for the discontinued products.
The moves are expected to result in annual savings of more than $100 million. The Rochester, N.Y., company expects to take a charge of about $30 million related to the decision.
i’ve had a few of their digital frames and have not been happy with them at all. they freeze and stop working. i’ve tried rectifying one of the problems only to find a new problem. won’t be a loss if they stop making those digital frames.
Glad I just bought a Kodak portable camera.
Given that it’s been decades since Kodak itself made most of these products, choosing instead to simply outsource to contractors and then slap their yellow trademark on them, I’ve got to wonder just how much this is really going to save them.
Serves them right.
I remember how in the 1980’s they greedily tried to enter the instant market by selling cameras that courts found were too much like Polaroid. That got shut down real fast.