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by Answer Rabbit on April 26th, 2006

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Why did Minolta get out of the digital camera business?

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  • by davoomac on April 26th, 2006

    davoomac

    Minolta got out of the camera business because it felt as though it could not keep up with the new digital technology trends.

    "However, in today’s era of digital cameras, where image sensor technologies such as CCD is indispensable, it became difficult to timely provide competitive products even with our top optical, mechanical and electronics technologies.

    In camera business, we have reached an agreement with Sony Corporation(Sony), having numerous image sensor technologies such as CCD and CMOS, to jointly develop digital SLR cameras in July 2005. In order to continue to have our customers use Maxxum/Dynax lenses, and to maximize possibilities of the optical, mechanical and electronics technologies accumulated through development of SLR cameras in the years to come, we came to the conclusion that it was best to transfer assets concerning camera business to Sony. Since then, we have been negotiating with Sony, and as a result, we have reached an agreement with Sony to transfer a portion of assets regarding digital SLR camera system to Sony*1. In this relation, we have decided to withdraw from camera business*2, such as film cameras and digital cameras, within Konica Minolta Group as of March 31, 2006.

    See the full press release here:
    http://www.dpreview.com/news/0601/06011901konicaminoltaout.asp#press

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In camera business 2c we have reached an agreement with sony corporation sony 2c having numerous image sensor technologies such as ccd and cmos 2c to jointly develop digital slr cameras in july 2005 in order to continue to have our customers use maxxum 2fdynax lenses 2c and to maximize possibilities of the optical 2c mechanical and electronics technologies accumulated through development of slr cameras in the years to come 2c we came to the conclusion that it was best to transfer assets concerning camera business to sony since then 2c we have been negotiating with sony 2c and as a result 2c we have reached an agreement with sony to transfer a portion of assets regarding digital slr camera system to sony 1 in this relation 2c we have decided to withdraw from camera business 2 2c such as film cameras and digital cameras 2c within konica minolta group as of march 31 2c 2006 sony is planning to develop digital slr cameras compatible with maxxum 2fdynax lens mount system 2c so that the current maxxum 2fdynax users will be able to continue to use them with sony e2 80 99s digital slr cameras in addition 2c we will consign camera service operations for konica minolta 2c konica 2cminolta brand cameras and related equipment to sony

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