The pressures on the digital camera segment are relentless and it seems that many stalwart manufacturers are finally beginning to break under the strain in what is one of the optical industry’s most competitive niches.
Japanese multinational consumer electronics and commercial electronics manufacturing company Casio is expected to announce its exit from the compact camera business according to Nikkei in yet another sign of the times.
According to Photo Rumors, a Nikkei Google-translated article read in part:
“Casio Computer has decided to withdraw from its unprofitable compact digital camera by 24th. The number of compact digital camera shipments has declined sharply and it seems that it was judged that future market expansion cannot be expected. In the future, we plan to specialize in high value-added camera products. The digital camera business posted a loss of 500 million yen in the fiscal year ended March 2017.”
About the author
Kehl is our staff photography news writer and has over a decade of experience in online media and publishing and you can get to know him better here