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'A year after Eastman Kodak Co. unveiled an ambitious new strategy to accelerate its foray into digital imaging, the photography company said Wednesday it expects filmless products and services to comprise more than half of its sales by 2005.
At a meeting with investors in New York, Kodak said it remained on course to boost revenues from $13.3 billion last year to $16 billion in 2006.
But it now anticipates digital sales to jump 36 percent a year between 2003 and 2007, compared with a year-ago projection of 26 percent annual growth between 2002 and 2006.
"We continue to generate faster growth in digital markets by executing on the strategy that we presented a year ago," said chief executive Daniel Carp. "Our digital sales are increasing so steadily that we expect, by next year, that more than half of our total sales will be digital, and that the company's profits will be higher than in 2004."'
Read more at Yahoo! News - Kodak Expects Jump in Digital Sales
Posted by Darren in our News category on September 23, 2004