Canon Freezes Development of Film Cameras

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CNET have reported that Canon Japan would halt development of new film cameras to focus resources on digital models caused by a huge drop from both compact and SLR film cameras market.

“A spokesman at Canon, the world’s largest maker of digital cameras, said it made the decision to freeze development of both compact and single-lens reflex film models because the markets for both are shrinking. Canon said it would continue to produce and sell existing models and make a final judgment on the business in the future while monitoring market demand.”

Source: CNET

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