Can you believe that the very company that built the camera business into what it is today, will be closing down production on making cameras. They just could not keep up with the technology of their competitors and fell further and further into debt.
Kodak has been in the camera making business for 132 years, according to Yahoo! News. But, now theembattled camera company is filing chapter 11 bankruptcy and everything is included except for the disposable cameras they manufacture.
While we may love our beloved Kodak cameras it is time to let go. The company had fallen nearly $7 billion in debt trying to wade through the competitive waters to keep giving us a dependable Kodak cameras.
Read more here.