Kodak to stop making digital cameras as struggles continue

Kodak said it will stop making digital cameras, pocket video cameras and digital picture frames in order to focus on more profitable products, reports the Associated Press. The move isn’t surprising, as the company is slowly emerging from last month’s Chapter 11 bankruptcy filing. “Our goal is to maximize value for stakeholders, including our employees, retirees, creditors, and pension trustees,” Kodak said in a press release. The company’s digital camera and picture frame products will be phased out during the first of half of the year as Kodak instead focuses on photo printing and desktop inkjet printers. The company will continue to honor warranties and provide technical support for discontinued products, and the move is expected to result in annual savings of more than $100 million.

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