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Nikon, Panasonic droop low-end compact digital digital camera manufacturing

Tokyo: Japanese digital camera gamers Nikon and Panasonic have suspended the manufacturing of low-end compact digital cameras and can now give attention to costlier mirrorless cameras going ahead, the media reported on Saturday, as smartphones develop into extra camera-centric.

Nikon has suspended growth of latest compact fashions in its Coolpix line, report Nikkei Asia.

Nikon now affords simply two fashions with high-powered lenses however it’s “carefully monitoring market traits” to find out manufacturing volumes going ahead, the report stated, quoting an official.

Nikon has already stopped manufacturing of SLR cameras to specialize in upmarket mirrorless single-lens fashions. In line with Nikkei Asia, the corporate will focus sources on mirrorless cameras, which have develop into mainstream on the again of extra superior digital applied sciences.

World shipments of compact digital cameras plunged 97 per cent from 2008 to only 3.01 million items in 2021, as smartphone cameras develop into higher and smarter.

Panasonic Holdings “has not launched any new product for the value vary beneath 50,000 yen ($370 at present charges) or so since 2019 and has no plans to develop a low-priced mannequin going ahead”.

“We’ve halted creating any new fashions that may be changed by a smartphone,” an organization spokesperson was quoted as saying.

Going ahead, Panasonic will produce high-end mirrorless cameras for pictures lovers. It plans to launch a mirrorless digital camera with German firm Leica Digicam.

Earlier, Fujifilm discontinued manufacturing of its FinePix compact cameras.

Canon has not launched any new ‘Ixy’ cameras since 2017.

Sony Group has additionally not supplied any new compact fashions beneath its Cyber-shot model since 2019 and Casio Laptop halted manufacturing of Exilim cameras in 2018, stated the report.

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Written by VK Team

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