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Disruptive Innovation and the Camera Industry
This document summarizes the rise of digital cameras and the decline of film cameras and the companies that produced them. In the 1990s and early 2000s, digital cameras rapidly improved in quality and dropped in price, while the number of digital cameras sold increased dramatically. This disrupted the film industry and destroyed longtime camera brands that relied on film sales for profits. Companies like Kodak, Polaroid, and Agfa that were built around film saw their market shares collapse. Meanwhile, electronics companies like Canon and Nikon that adapted to digital imaging came to dominate the industry. The transition required new electronic skills that many traditional camera makers lacked.
