Kodak’s Bankruptcy

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Kodak is an American multinational imaging and photography equipment company. They are famous for their disposable cameras and photo developing locations, which have today greatly fallen out of use. With the rise of photographic technology in nearly every device, companies like Kodak have suffered.

It’s a far cry from the days when Kodak held 90% of the market share. You probably remember Kodak’s signature “Kodak moment” commercials. But when the digital cameras started, Kodak’s glory days were over. Because Kodak was so slow to transition to digital photography, they ultimately went bankrupt- even though they had invented the core technology used in digital cameras. For the last 5 years, Kodak has not seen a profit, and has gone bankrupt as of last January.

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Author: awtadmin

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