REUTERS: CANON CONSIDERS HALT TO FILM CAMERA DEVELOPMENT
Canon Chairman and CEO Fujio Mitarai (right) and President and COO Tsuneji Uchida during a news conference in Tokyo, May 11, 2006. REUTERS/Issei Kato
This could be the beginning of the end of an era.
"TOKYO (Reuters) - Japan's Canon Inc. said on Thursday that it would consider halting development of new film cameras as it focuses resources on digital models, the latest sign of the rapidly fading role of film in photography.
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"A spokesman at Canon, the world's largest digital camera maker, said it would consider whether it needs to continue developing both compact and single lens reflex (SLR) film models because the markets for both are shrinking.
"Canon said it would continue to produce and sell existing models and make a final judgment on the business in the future while monitoring market demand."
The full Reuters story is here.