Funny thing though, even if they had brought out the digital camera, as their market was always the average consumer, the minute the iPhone came out they would have been superseded anyway – I reckon they go bust regardless.
Rochester has had such a tragic fall from grace with both Kodak and Xerox imploding. It is an absolute dump of a city now, and the crime is horrible. Similar story in most of upstate New York, sad to say.
And this goes in the “cons” list of capitalism. One of the main arguments of people for capitalism is that it drives invention process. Here we can see that it does so only when there’s a profit incentive. Capitalism doesn’t allow any new inventions to survive if it doesn’t bring money. And the society suffers the circumstances. We could have avoided shit ton of trash if we had digital cameras sooner. But no, we had to keep going with film and then with those disposable cameras. What a waste of resources.
It's funny how digital cameras hasn't become a mainstream thing for long. Because of smartphones. I remember a time in the mid-2000 when everyone would be getting consumer cameras, but then it quickly ended with the iPhone and Samsung Galaxy launches.
"we're the 4th most valuable company in the world" -> goes bankrupt because they refused innovations to """maximize profits""", which did, in fact, not maximize anything
If there is a go's this will be the inevitable life cycle of shitty companies that hide tech to gate keep their profits rather than innovating 😂😂
DEFINITELY HAD A AMAZING RUN!🎉😂
Funny thing though, even if they had brought out the digital camera, as their market was always the average consumer, the minute the iPhone came out they would have been superseded anyway – I reckon they go bust regardless.
Fourth most valuable brand, not company
Kodak was making digital cameras as early as the 90s but didn't see much success in it
Rochester has had such a tragic fall from grace with both Kodak and Xerox imploding. It is an absolute dump of a city now, and the crime is horrible. Similar story in most of upstate New York, sad to say.
Oh god Kodak was once the fourth most valuable company?? Oh man. Wonder where the current most valuable companies will be in 10 years.
2020: let’s just tell everyone we’re making Covid vaccines now
Could've been on the ground floor, innovating photography, instead they decided to hold onto their film business at the expense of everything else.
Nothing worse than being extremely talented and work in an ultra bureaucratic antiprogessive politically plagued corporation.
Canon and Sony be like: 😂
And this goes in the “cons” list of capitalism. One of the main arguments of people for capitalism is that it drives invention process. Here we can see that it does so only when there’s a profit incentive. Capitalism doesn’t allow any new inventions to survive if it doesn’t bring money. And the society suffers the circumstances. We could have avoided shit ton of trash if we had digital cameras sooner. But no, we had to keep going with film and then with those disposable cameras. What a waste of resources.
It's funny how digital cameras hasn't become a mainstream thing for long. Because of smartphones. I remember a time in the mid-2000 when everyone would be getting consumer cameras, but then it quickly ended with the iPhone and Samsung Galaxy launches.
🎉
"steve what the ** why did you do that" makes me laugh sm idk why
😂
30 years from patent to commonality, imagine hearing about cancers cure, but you and people only can get it after 30 years
Didn't Kodak find out about the radiation from nuclear tests, and kept it a secret so people kept dieing of cancer?
Pretty sure Fuji invented the disposable camera
I bought a Kodak digital camera in the late 90s. It was cutting edge.
Hey it's the company that tracked nuclear fallout across the US and didn't warn the public
Now, I have my camera set up to replicate the specific look of Kodachrome film. They left an amazing legacy.
I still like the tangible photographs
All companies die of greed and ignorant short-sightedness. Next up is Intel, Sony, and the USA.
Steve was definitely working for the wrong company
I take it the patent the guy said they'd put on it didn't help any?!?
"we're the 4th most valuable company in the world" -> goes bankrupt because they refused innovations to """maximize profits""", which did, in fact, not maximize anything
You nailed the blue for that digital camera
proof that capitalism doesn't necessarily encourage innovation, but can at times stifle it aswell