Nikon Credits Their China-Based Camera Manufacturing Plant Closing to The Rise of Smartphones

Nikon has been in some very deep water recently; and it's unfortunate that in some ways, they're still not changing to adapt to a newer market. According to Nikon Rumors, the company is shuttering one of their camera manufacturing plants. The reason why has to do with what some may call mismanagement and delayed reactions that the traditional camera manufacturing market has been facing for many years now. Some analysts may blame Apple; but others may blame these companies for being way too slow to adapt.
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