SOURCE: The Bedford Report

The Bedford Report

May 18, 2011 08:16 ET

Kodak and Canon Fight to Remain Relevant

The Bedford Report Provides Analyst Research on Eastman Kodak and Canon

NEW YORK, NY--(Marketwire - May 18, 2011) - Photographic equipment makers have been rolling out new products in order to sustain growth and remain relevant amongst the prevailing smartphone trend. However, with consumers more cautious than ever and discretionary spending way down, digital camera sales -- which are viewed as low-priority for many consumers -- are struggling. The Bedford Report examines the outlook for companies in the Photographic Equipment & Supplies Industry and provides research reports on Eastman Kodak, Co. (NYSE: EK) and Canon, Inc. (NYSE: CAJ). Access to the full company reports can be found at:

Over the last few years, smartphones such as the BlackBerry and iPhone have slowed the purchase rate of "point and shoot" cameras significantly -- particularly entry level compact cameras which have relatively the same features as smartphones. According to the market research firm NPD Group, Point and shoot camera revenues have slipped 24 percent to $1.9 billion, from $2.4 billion since 2008. While easy to blame it on the recession, sales are still falling since the recession eased.

The Bedford Report releases regular market updates on the Photographic Equipment & Supplies Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

In January, Kodak filed a lawsuit against Apple and BlackBerry maker Research in Motion claiming the companies infringed on a patent related to image previewing. Apple later countersued Kodak alleging the same violations. Although the International Trade Commission claimed there was no patent violation in 2001, they recently agreed to revisit the claim which could lead to substantial royalties for Kodak. Kodak already won royalties worth $550 and $414 million from Samsung and LG respectively.

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