Why Aren’t Camera Companies Making Money?
Source: PC Magazine
Written By Terry Sullivan and Kyle Monson
We’ve been hearing foreboding tidings out of Japan all week: First Konica Minolta announces pretty serious headcount reductions and product streamlining as a way to combat the huge losses they’ve been suffering. The word from their latest financial report, issued earlier this week, is that they’re “shifting (their) expansion strategy to focus on high-value-added products.” In other words, we can probably expect Konica Minolta to phase out low-end consumer cameras and target photo enthusiasts and D-SLR users.

Written by Katrin Eismann, Wayne Palmer,