Kodak Ignoring Digital Photography

Kodak's decision to bury the digital camera it invented in 1975 led to bankruptcy in 2012, costing 80% of its peak 1990s revenue. Nikon, which embraced digital, grew 25% faster in the 2000s, highlighting Kodak's failure to adapt. This innovation lapse destroyed a century-old brand, making it a cautionary tale for clinging to legacy models.