#nikon closes

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. 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. Nikon introduced a new entry-level dSLR, the Nikon D3100, which has the capability of recording full HD 1080p videos. The Nikon D3100 is the successor to the popular D3000 line and brings in a set of new features and upgrades. The Nikon D3100 will come with a AF-S DX NIKKOR 18-55mm f/3.5-5.6G VR as the kit lens. The Nikon D90 is out; the Nikon D7000 is in -- this new mid-class dSLR from Nikon can do 1080p videos with a 16.2 megapixel CMOS sensor. The Nikon D7000 with initially come with this kit lens -- AF-S DX 18-105mm f/3.5-5.6G ED VR (picture shown above). Read more in our articles including "Nikon closes compact camera factory in China" and "Nikon D3100 dSLR gets Full 1080p video".