Olympus quits camera business after 84 years

https://news.yahoo.com/olympus-shutters-camera-business-84-171707609.html


BBC•June 24, 2020


Olympus, once one of the world's biggest camera brands, is selling off that part of its business after 84 years.

The firm said that despite its best efforts, the "extremely severe digital camera market" was no longer profitable.

The arrival of smartphones, which had shrunk the market for separate cameras, was one major factor, it said.

It had recorded losses for the last three years.

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