ILikeCameras.com
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I Like Cameras
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January 20th, 2006 by Bill
Just last week I posted a bit about Nikon scaling back its film-based camera production, and now Konica Minolta has announced that they’re pulling out completely.
In order to continue to have our customers use Maxxum/Dynax lenses, and to maximize possibilities of the optical, mechanical and electronics technologies accumulated through development of SLR cameras in the years to come, we came to the conclusion that it was best to transfer assets concerning camera business to Sony. Since then, we have been negotiating with Sony, and as a result, we have reached an agreement with Sony to transfer a portion of assets regarding digital SLR camera system to Sony. In this relation, we have decided to withdraw from camera business, such as film cameras and digital cameras, within Konica Minolta Group as of March 31, 2006.
In today’s shrinking photographic market represented by color film and color paper, we have been considering to scale back and to continue photo business at an appropriate size; however, when we foresee the photographic market, it is quite difficult to maintain profitability in this field, and we have decided to withdraw from photo business.
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