Home Latest The world’s largest camera brand, Olympus, has quit camera business for 84 years.

The world’s largest camera brand, Olympus, has quit camera business for 84 years.

by the owl speaks

One of the world’s biggest brands- after 84 years, Olympus is selling off its camera business. The Japanese company said that despite its efforts, the extremely serious market for digital cameras was no longer profitable and the arrival of smartphones had reduced the market for separate cameras. The organization has reported losses in the last 3 years. Between 2010 and 2018, the demand for standalone cameras had fallen significantly by 84 percent.

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