Photo finish: End of an era as Olympus sells camera division | Malay Mail

The company said it has signed a memo of understanding to transfer its camera business to investment fund Japan Industrial Partners, with the goal of sealing a final deal by the end of September. — Reuters pic

Olympus has been in the camera business since 1936, when it launched a product using the “Zuiko” lens, but it has struggled along with industry rivals as demand for traditional cameras declines, with consumers relying on increasingly sophisticated smartphone cameras. The company said it had tried to cut costs and develop profitable, high-end lenses to survive in an increasingly difficult digital camera market.

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Photo finish: End of an era as Olympus sells camera division | New Straits TimesTOKYO: It's the end of an era: Japan's Olympus said Wednesday it is selling its struggling camera division to focus on medical equipment -- now the major portion of the storied firm's business.
Source: NST_Online - 🏆 17. / 53 Read more »

Photo finish: End of an era as Olympus sells camera division | New Straits TimesTOKYO: It's the end of an era: Japan's Olympus said Wednesday it is selling its struggling camera division to focus on medical equipment -- now the major portion of the storied firm's business.
Source: NST_Online - 🏆 17. / 53 Read more »