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Samsung Bets Big On Mirrorless Digital Camers While Reducing Focus On Point-And-Shoot Models

In the riveting story of consumer electronics, the lowly point-and-shoot camera is about to be cut. Its days are numbered and cheap cameras are becoming increasingly less relevant as smartphones steal the limelight. The point-and-shoot camera will soon be just a supporting character. Samsung sees the writing on the wall, too. Speaking with the Wall Street Journal, Han Myoung-sup, head of the company’s digital imaging division, indicated that the massive Korean empire will shift away from “low-end compact cameras” in an effort to concentrate on mirrorless cameras. This bet, which...

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Published By: Tech Crunch - Thursday, 10 May, 2012