Kodak had best learn fast. Its sales of film remain strong, but digital cameras are quickly gaining share. And though Kodak's digital cameras sell well, cameras are not where it makes most of its money. A new world in which competitors are sometimes partners. But he conceded that the faster that digital technologies sweep through the photography world, the slower Kodak's profits will grow.
Shareholders seem wary.
Even so, the digital revolution is not all doom and gloom for Kodak. Study after study shows that people who use digital cameras take more pictures and make more prints. The same studies show that all but the most diehard hobbyists are having prints made in the conventional way. Still, it is a big leap from the halo effect on digital photography in general to a boost for Kodak specifically. Lesser-known players are often happy to piggyback on the Kodak name.