Nikon shares dive on weak demand for digital cameras
Nikon shares plunged 14.29 percent Friday after the Japanese giant warned that compact camera sales were falling through the floor as consumers increasingly turn to picture-taking smartphones.
(AFP) Nikon shares plunged 14.29 percent Friday after the Japanese giant warned that compact camera sales were falling through the floor as consumers increasingly turn to picture-taking smartphones.
The soaring popularity of smartphones is crushing demand for point-and-shoot cameras, threatening the once-vibrant sector as firms scramble to hit back with web-friendly features and boost quality.
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