Kodak&#39;s Digital Sales Outlook
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(Rochester, NY) 09/22/04 -- Bold statements came from the Eastman Kodak company today. Investors learned digital sales are soaring beyond the company&#39;s expectations.
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Eastman Kodak Co.  is introducing a line of desktop printers and low cost replacement inks on Tuesday, as the photography company takes on a market dominated by Hewlett-Packard .
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Eastman Kodak posted its first profit in nine quarters on higher revenue from photo kiosks and savings from eliminating jobs.
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Eastman Kodak Co., the world&#39;s biggest photographic company, said it will shed almost 900 jobs in Europe to concentrate on the digital market and cut costs as demand for traditional film products declines.
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An anonymous reader writes &quot;Market research company IDC is predicting a rosy future for MP3 player sales. They predict that by 2008 it will grow into a $58 billion industry - four times bigger than the US record industry.
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Kodak says digital cameras will work better in dim conditions with a superficial but significant change to image sensors.Photos: Kodak's highly sensitive sensor
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Sony Corp. (6758.T) and Canon Inc.  (7751.T) are expected to deliver strong results as Japanese  electronics makers gear up for quarterly earnings this week,  driven by robust digital camera sales and a softer yen.
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Eastman Kodak Co. and International Business Machines Corp. said Thursday they have agreed to develop and make image sensors for digital still cameras and camera phones.
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Digital camera sales worldwide  will reach $24 billion in 2004 and rise 29 percent to reach $31  billion in 2009, a research group said on Thursday.
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LONDON (CBS.MW) -- Eastman Kodak said Tuesday it will cut 870 jobs at its manufacturing sites in the UK and France due to the &quot;increasing popularity of digital photography&quot; and the corresponding decline in traditional film photography.
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Eastman Kodak (EK), which a year ago announced a major restructuring and cost-cutting to shift its old-line business to the digital age, said Wednesday that the strategy is working.
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Eastman Kodak Co., boosted by the sale of a remote sensing business and gains in digital photography, recorded a sharply higher profit in the third quarter and beat Wall Street forecasts by a wide margin.
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Eastman Kodak Co.  said on  Thursday it has developed digital camera technology that nearly  eliminates the need for flash photography, part of the  company&#39;s effort to make money from its deep patent portfolio.
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Eastman Kodak Co. EK.N on Wednesday  raised its growth forecast on digital products and services,  the areas the photography company is depending on to offset a  rapid decline in its traditional film business.
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Nikon Corp.  said on Tuesday it  expects double-digit growth in shipments of compact digital  cameras next business year, following target sales this year of  6.5 million units.
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US shipments of digital cameras rose 40 percent in the third quarter from a year ago, with Eastman Kodak Co. gaining market share on Sony Corp.
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Eastman Kodak Co.EK.N on Wednesday  said fourth-quarter sales of its digital photography products  rose 40 percent, sending shares up on evidence of the early  success of its move away from film.