December 28, 2010
Kodak faces shifting camera market
While many memories were captured on digital cameras, an increasing number are snapped on smartphones or cell phones, a trend that is putting a key Eastman Kodak Co. product into a tightening squeeze. The digital camera business, particularly for point-and-shoot cameras, faces a challenging future as consumers turn to higher-end digital SLR cameras or camera phones. [via The Democrat and Chronicle]
For the first 11 months of 2010, U.S. retail sales of point-and-shoot cameras were down 6 percent from the same timeframe in 2009, according to consumer and retail market research company NPD Group. Those 2009 numbers were, in turn, down 10 percent from 2008.
... German photo paper distributor Felix Schoeller reportedly has estimated that by 2014, there will be roughly 2 billion camera phones in the market, a 69 percent jump from 2009.
Increasing numbers of snapshots are being taken on smartphones. Denver-based online photo sharing site Photobucket saw a 400 percent increase this year in the number of photos uploaded from smartphones, and expects that growth rate to continue in 2011.
Read full article.
Related: - Camera Phone officially kills film camera
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