Nikon shuts down camera factory in China, blames 'the rise of smartphones'

Published: 30/10/2017
Nikon shuts down camera factory in China, blames 'the rise of smartphones'
Source: WWW.DPREVIEW.COM

Earlier today, the Nikon board of directors announced plans to close Nikon Imaging (China) Co., LTD (NIC)—a subsidiary based in Wuxi City, Jiangsu, China, where NIC employed some 2,500 workers at a factory that produced compact digital cameras and DSLR lenses. The closure, says Nikon, is due to "the rise of smartphones" and the "rapidly shrinking" compact camera market. Nikon's announcement o

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