Eastman Kodak was founded by George Eastman in 1888 and originally sold cameras and film, chemicals, and paper.
Up until 1976 Kodak held 90% of the market, until Japanese Fujifilm entered the American market and became Kodak’s rival.
Kodak developed the first digital camera in 1975 but it dropped the product because the company thought it would threaten its successful film business.
The company was slow to adopt digital technology when it began to gain popularity in the 1990’s and as a result began to face financial struggles which resulted in a Chapter 11 bankruptcy filing in 2012.
Kodak announced in 2012 that it would cease manufacturing cameras and focus on the corporate digital imaging market.
Today Eastman Kodak Company trades publicly on the NASDAQ under the ticker symbol KODK, is #562 in the Fortune 1000, has 8,800 employees, and had $2.24 billion in revenue in 2013.
Eastman Kodak CompanyEastman Kodak was founded by George Eastman in 1888 and originally sold cameras and film, chemicals, and paper.
Up until 1976 Kodak held 90% of the market, until Japanese Fujifilm entered the American market and became Kodak’s rival.
Kodak developed the first digital camera in 1975 but it dropped the product because the company thought it would threaten its successful film business.
History
The company was slow to adopt digital technology when it began to gain popularity in the 1990’s and as a result began to face financial struggles which resulted in a Chapter 11 bankruptcy filing in 2012.
Kodak announced in 2012 that it would cease manufacturing cameras and focus on the corporate digital imaging market.
Today Eastman Kodak Company trades publicly on the NASDAQ under the ticker symbol KODK, is #562 in the Fortune 1000, has 8,800 employees, and had $2.24 billion in revenue in 2013.