The growing popularity of digital photography appears to be disrupting the traditional film-camera industry to death. Last week, Nikon announced that it will cease production of film cameras to go totally digital. And the other day, Konica-Minolta threw in the towel, getting out of the camera business entirely.
With production of film cameras by the major Japanese makers plunging from 30 million units in 2000 to fewer than 5 million in 2005, it's little wonder that even these venerable brands feel they are fighting a losing battle.
Source: Ubercool
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