TOKYO - Canon Inc. said it would stop developing film cameras, joining a growing number of high-tech firms pulling out of the sector as digital cameras take over.
"The situation is very difficult for new (film-based) cameras," Canon president Tsuneji Uchida told Jiji Press in an interview.
The announcement by Japan's largest digital camera maker followed similar exits from film cameras by rivals Nikon and ailing Konica Minolta.
Nikon has said it will end production of all but two of its eight single-lens reflex (SLR) analogue models and axe all of its non-digital compacts, ending more than 50 years of selling film cameras.