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ABC News has a good article examining how Digital Camera are changing the photographic industry:
'Photo labs used to have a few main business categories — film processing, selling cameras and accessories, and selling consumables such as film, Delios said. Processing typically comprised 40 percent to 50 percent of their sales, he said, but digital cameras have drastically cut the demand.
Combined with increased competition from large retailers like Wal-Mart and Walgreens, the advent of digital cameras and their continued improving quality and falling prices have posed a new challenge. Digital camera sales grew 40 percent in 2004 to 18.2 million units, the PMAI report found. For 2005, that number is expected to grow to 20.5 million, accounting for 82 percent of all camera sales, up from 73 percent in 2004.
At the same time, the overall film market declined by 19 percent in 2004 to 656 million units and is expected to fall to 532 million in 2005, according to the report.'
Posted by Darren in our News category on March 30, 2005