Kodak has reported that its business division that includes digital cameras suffered a 49% fall in sales (compared to the same period last year) in the third quarter of 2009. "Continued declines in consumer spending have had significant impacts in the company's digital camera and digital picture frame businesses," it said. The sales drop has primarily been due to a decline of approximately $157 million in intellectual property royalty revenues, the company said.
The division did report a 92% leap in consumer inkjet printer and ink sales that meant, after royalties were excluded, overall sales in the business grew. Despite this, the division posted an $89m loss, compared to a $24m profit in the same period 2008.
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