As you know, the history of compact cameras began with Kodak. And that was over a hundred years ago. And now this story has come to an end - the bankrupt company announced the reorganization of production and the cessation of production of cameras.
The company's problems began with the advent of the digital age. Kodak never managed to produce digital cameras that were interesting for the mass consumer, which companies such as Canon, Nikon, Olympus and many others. Kodak continued to adhere to film cameras to the last, stubbornly not noticing that the world around had changed. It could not go on like this for a long time, and the years of recession came, when the value of the company was reduced literally before our eyes. It all ended with bankruptcy.
From now on, the company plans to engage in technology licensing, retail photo printing, as well as the provision of various online services related to photography.