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Electronics Production |
Kodak to phase out cameras
Kodak will stop making digital cameras, pocket video cameras and digital picture frames in the first half of this year.
The decision comes less than a month after Kodak filed for Chapter 11 bankruptcy protection.
The company will still license its brand to other manufacturers and Kodak’s Consumer Business will include online and retail-based photo printing, as well as desktop inkjet printing.
In a statement the company said it expects annual operational savings to be $100 million, while the cost of the transition to be approximately $30 million.
