Casualties in the megapixel wars
Seriously: how long did you think camera companies could churn out higher- and higher-megapixel cameras before consumers became fatigued with it all? They're figuring out that a new 12- or 14-megapixel camera isn't a necessity when jobs, hours and salaries are getting cut. That 6- or 8-MP camera most of us bought a year or two ago will do fine, at least until the recession moderates. As a result: Ritz Camera filed for Ch. 11 bankruptcy protection this week. Hundreds of stores, stocked with Fuji, Nikon, and Olympus cameras that no one's buying. Most Ritz stores were mall-based, within easy clobbering range of the Target or Best Buy across the parking lot. If you bought a camera from Ritz, I hope you didn't pay extra for a Ritz warranty. Ritz's court filings say they owe Nikon USA more than $20 million. That kind of liability isn't going to make things easy at Nikon. Take good care of that D90 or D300; customer service may get whacked. Olympus downsized a portion ...