While this seems to be saddening, it is the reality of the business, and I understand this one.
Kodak was in the low-end of the market, their camera weren’t really great, albeit sufficient in the consumer market. But with the declining market for consumer compact digital camera, totally taken over by cell-phones, it seems to be the logical decision. Even the Japanese makers saw a serious fall this year, but most have a higher-end product line to sustain the business.
My only hope is that they don’t end up getting out of the film business ; the current press release does clearly state they continue. The end of Kodachrome was an unfortunate decision they had to make, and consolidating their film product line seemed to be sane ; they still make good products and it would be very sad if they discontinued them.
Kodak just filed for bankruptcy in the US. This was almost expected as business has been declining over the years, being unable to make a come back from the decline of film.
The film division, still profitable after a reduction of costs, simplification of the product line like abandoning Kodachrome development isn’t big enough to sustain the rest. After deciding in November 2011 to sell their image sensor division to an equity firm, it sounded obvious that Kodak management didn’t know where to go.
Now several concerns:
First, what will happen to the film division? I’m sure that this is part of what they will try to offload for cheap. It is not growing anymore, quite the opposite, but they still have good film products and it would be a great loss to lose them.
Second, their patent pool is like a nuclear warhead that they are gonna sell to the highest bidder who will use it for patent warfare. Kodak has been known to litigate in the past to try to bring in some cash, unsuccessfully.
My opinion, without having seen it. The new mount and the small sensor are two things that could hinder the camera success. The sensor, “CX size”, smaller than the one of m4/3, but still bigger than the one of the Pentax Q, make it more difficult to contain the noise at high ISO. I haven’t see samples yet to make myself an opinion. Also the new mount means that the lens will be specific to the system. I do believe Nikon could have benefited from joining the m4/3 gang instead and could have introduced Nikon lenses to the mix for the variety. It is one of the reason m4/3 cameras are popular.
On the other hand, the GPS accessory, while a bit overpriced, seems to be a welcome addition that virtually no other maker has. It is not Nikon’s first attempt.
Olympus announced new Olympus Pens and lenses in the micro Four-Third format. Three models and four lenses:
E-P3: the successor of the E-P1 and E-P2. Gain a flash.
E-PL3: the successor of the E-PL2, with a slimmer design and flip out screen. But it lost the flash. DPReview has a preview.
E-PM1: an even smaller Pen camera, even more simplified.
All three cameras feature a new UI, a new sensor, a new engine that should solve most of the slowness criticism, better noise management, 1080p video in AVCHD with Dolby Digital™ sound, etc. Not much changes in the number of pixels and this is actually good news for the image quality.
M. Zuiko Digital 12mm f2: a wide angle prime lens.
M. Zuiko Digital 45mm f1.8: a short telephoto.
M. Zuiko Digital 14-42 f3.5-5.6 II R: A slight restyling of the second version of the kit zoom.
M. Zuiko Digital 40-150 II R f4.0-5.6.
All the lenses come as MSC “Movie & Stills Compatible” (ie very smooth and silent autofocus).