Kodak to Phase Out Camera Business

Sad. Kodak’s Steve Sasson invented the first digital camera in December 1975.

Kodak:

Eastman Kodak Company announced today that, as a result of its ongoing strategic review process and commitment to drive sustainable profitability through its most valuable business lines, it plans to phase out its dedicated capture devices business – comprising digital cameras, pocket video cameras and digital picture frames – in the first half of 2012.