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Nikon closes compact camera factory in China

Nikon announces on Monday (October 31) that it will be closing its compact camera factory in eastern Wuxi City, Jiangsu Province, which employed nearly 2,300 people.

• Nikon Closes • Nikon Closes Compact Camera Factory In China

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In a statement from Nikon, they stated that in recent years, due to the rise of smartphones, the compact digital camera market has been shrinking rapidly, leading to a significant decrease in operating rate at NIC (Nikon Imaging China) and creating a difficult business environment.

Nikon is now planning to focus more on producing high-end cameras such as DLSRs and full-frame mirrorless cameras.

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Source: Channel NewsAsia

Avatar for Alyza Angeles

Alyza is a Multimedia Producer for YugaTech. You can follow her at @tadboring.

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poornikon
poornikon
4 years ago

it would be great if they will provide sensor for phones as well.

1mjade
1mjade
Reply to  poornikon
4 years ago

nikon uses sony sensors in their dslrs and i think on their comoact cameras too. even canon on some of their comoact cameras( G Series) has sony sensors on it as well.

1203
Reply to  poornikon
4 years ago

skm

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