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Nikon says it can no longer ignore the smartphone boom, says it needs to change the concept of compact cameras

Nikon possibly considering building a smartphone in wake of dwindling compact camera sales

| Cameras News | Posted: Jul 8, 2013 10:04 pm

Nikon is feeling the pain from the slumping point-and-shoot camera market which is being destroyed by the constantly evolving smartphone market. In a recent interview with Bloomberg, Nikon President Makoto Kimura said that in the wake of the "exploding" smartphone market, his company has formed a new imaging team to address the problem.

 

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He went on to say that the new team is tasked with "creating a new product that will change the concept of cameras" as we know them. Kimura expects this new product to come to market within the next 5 years and that it will change the landscape of casual snap shooting. When asked specifically if he was referring to a new Nikon branded smartphone, Kimura declined to comment.

 

He did however say that the new "secret" project could be a non-camera product, leaving us all to wonder if such an imaging giant like Nikon could possibly consider building a true smartphone. This is a major possibility as Nikons point-and-shoot cameras make up the vast majority of their income.

NEWS SOURCESEngadget.com, Bloomberg.com

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