Wow, I wish I could lay my hands on original quote, but substitute "Kodak" for "Nikon" in this quote and some one at Kodak said this same exact thing about 15 years ago. Make no mistake - it's the death knell."We are seeing tough figures at the moment, but I don't think this will last forever,'' said Nikon Chief Financial Officer Junichi Itoh. "There still is potential demand, and I think China is the key."
We all have seen how well that worked out. Oops! (Not the quote I was thinking of but close enough)"We are reinforcing and expanding our commitment to 35mm film and cameras in emerging markets because of the significant demand from China, India, Eastern Europe and Latin America," Masson said. "The 35 mm film industry continues to grow at double-digit rates in those markets."
-- Kodak Press Release from January 13, 2004
And then this by the Associated Press published August 26, 2005.
Actually, for the whole article, where it says "dSLR" put "film" and where it says "smartphone" put "dSLR" and it sounds like any article on how digital SLRs are going to "win" from 10-12 years ago.ROCHESTER, N.Y. (AP) - Eastman Kodak Co., battling a steep drop in demand for photographic film and paper, is scaling back film manufacturing in China and closing various businesses in Rochester and West Virginia, eliminating about 1,000 jobs.
It said manufacturing of consumer film products will be cut back in Xiamen, China.
I found it here: http://lubbockonline.com/stories/082...82605015.shtml
Yep, heard that too!"Taking photos with smartphones and editing them with apps is like cooking with cheap ingredients and a lot of artificial flavoring," said Canon spokesman Takafumi Hongo to The Journal. "Using interchangeable cameras is like slow food cooked with natural, genuine ingredients."
Next Canon and Nikon will be "focusing on core competencies." That's like putting you in charge of the United Way campaign at work. Sorry guys!