This is the best tl;dr I could make, original reduced by 57%. (I'm a bot)The company's decision was due, in part, to the falling demand for cameras and the rise of smartphones.The factory, which is run by Nikon subsidiary Nikon Imaging Company, LTD, employs 2,500 workers that make lenses for Nikon's DSLRs.Nikon says that the move is due to the "Rise of smartphones," which has caused death after death after death of many compact cameras, Samsung and Nikon among them.In recent years due to the rise of smartphones, the compact digital camera market has been shrinking rapidly, leading to a significant decrease in operating rate at NIC and creating a difficult business environment.The good news for Nikon is that it's still a global leader in the camera market, and in particular, in China, where it accounts for about 30 percent of digital cameras sold.As smartphones become ever more powerful and have improved camera capabilities, there's a good chance we'll be hearing about more factory closures and company consolidations from Nikon and the other players in the digital camera segment in the coming months and years.Summary Source | FAQ | Feedback | Top keywords: company#1camera#2Nikon#3smartphones#4factory#5Post found in /r/worldnews, /r/technology and /r/photography.NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
This is the best tl;dr I could make, original reduced by 57%. (I'm a bot)
The company's decision was due, in part, to the falling demand for cameras and the rise of smartphones.
The factory, which is run by Nikon subsidiary Nikon Imaging Company, LTD, employs 2,500 workers that make lenses for Nikon's DSLRs.
Nikon says that the move is due to the "Rise of smartphones," which has caused death after death after death of many compact cameras, Samsung and Nikon among them.
In recent years due to the rise of smartphones, the compact digital camera market has been shrinking rapidly, leading to a significant decrease in operating rate at NIC and creating a difficult business environment.
The good news for Nikon is that it's still a global leader in the camera market, and in particular, in China, where it accounts for about 30 percent of digital cameras sold.
As smartphones become ever more powerful and have improved camera capabilities, there's a good chance we'll be hearing about more factory closures and company consolidations from Nikon and the other players in the digital camera segment in the coming months and years.
Summary Source | FAQ | Feedback | Top keywords: company#1 camera#2 Nikon#3 smartphones#4 factory#5
Post found in /r/worldnews, /r/technology and /r/photography.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
http://ift.tt/eA8V8J