Kodak Gets Out Of The Digital Camera Business

Kodak, the company whose name was once synonymous with photography, announced today that it will phase out its digital cameras, pocket video cameras and digital picture frames during the first half of this year, as it fights to crawl out from under Chapter 11 bankruptcy protection.

Described as “a result of its ongoing strategic review process and commitment to drive sustainable profitability through its most valuable business lines,” this move away from digital photography will allow the troubled company to focus on its photo-printing services and desktop inkjet printing.

Once a dominant player in the consumer film camera world, Kodak’s market share shrank as consumer switched to digital cameras and mobile devices with cameras. It filed for bankruptcy protection in January, hoping to raise money by selling off more than 1,000 of the company’s patents.