Olympus announced that it has decided to stop production of its low-end V series of compact cameras, facing increased competition from smartphones with improved photographic capacity. Blaming lower-than- expected demand, Olympus announced that its budget series of compacts will no longer be produced; its other point-and-shoot series, like the more specialized Tough range of … [Read more...]

After many years of being the premiere manufacturer of camera film, Eastman Kodak has finally decided to quit the still photography business. The company announced that it was planning to sell off a large section of businesses, including more than 100,000 photo kiosks globally as well as its professional and consumer still camera film operation. “These are not easy … [Read more...]

Sony revealed that it had taken its first annual profit in 5 years. The weakening Yen made Sony’s products cheaper for overseas buyers, and boosted product sales. The net profit for 2012 was 43 billion Yen, to 31st March, as compared to loss of 457 billion Yen the previous year. Sony has faced troubles in recent years on account of increasing competition and falling prices, … [Read more...]

Western Digital and SanDisk Corporation announced that the two companies are collaborating on a project that will attempt to bring hybrid storage devices to the market, combining SanDisk’s flash memory technology and WD’s hard drive technology. According to information released so far, SanDisk is supplying a SanDisk iSSD storage device for the WD Black solid state hybrid … [Read more...]

Brother Industries Ltd. announced on April 15 that it will buy the document imaging business of Eastman Kodak Co., including scanner operations, for about $210 million. Brother and Kodak have signed a preliminary contract for the purchase, that will be carried out if Brother wins a court-supervised auction for the business, as Kodak is currently in a court-led rehabilitation … [Read more...]