By Tim Conneally
As a part of its ongoing restructuring efforts, America's century-old imaging company Eastman Kodak announced it will phase out its "dedicated capture devices business" which includes a big chunk of its consumer portfolio, such as digital cameras, pocket camcorders, and digital picture frames.
The company said it will instead seek revenues through licensing the patents that it has in these areas.
This means Kodak's consumer product portfolio will now be limited to personal and retail-based photo printing and inkjet printing solutions, traditional film and photo paper, camera accessories, and the Kodak Gallery website and Facebook apps.
Speaking as a part-time user of Kodak's pocket camcorders myself, I meet the announcement with mixed emotions.
It is in no way surprising that the company would make such an announcement, considering the dead ends that traditional point-and-shoot cameras and pocket camcorders have become thanks to the rise of smartphones.