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Samsung leaving the digital camera market

Samsung Galaxy S8 camera shot, Samsung leaves the digital camera business
Samsung Galaxy S8
Although Samsung had a strong presence in the digital camera market until a few years ago, the decline of this sector and the increasing popularity of mobile photography made the company to drop this area for good.
Codrut Nistor,
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Samsung's last digital camera arrived back in 2015 when the South Korean tech giant released the mirrorless NX500. Now, the company moves on, and there will be no successor for the NX500. However, Samsung seems to switch the focus to virtual reality, thanks to the Gear 360 camera.

According to industry insiders familiar with the matter who spoke to The Investor, "Samsung Electronics has recently stopped producing and selling digital cameras, hinting at the Korean tech giant’s departure from the waning market." An unnamed Samsung official confirmed the rumor and also revealed an interesting fact about the company's plans for the future, saying "we will create a new camera product category to continue the business."

Samsung entered the digital camera market back in 1997, enjoying the boom of the entry segment of the market that faded in the mid-2000s. An anonymous source highlighted that "Samsung lost its competitiveness in the entry segment with the robust growth of smartphone cameras" and the company "seems to have no option but to leave the market."

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Codrut Nistor
Codrut Nistor - Senior Tech Writer - 5436 articles published on Notebookcheck since 2013
In my early school days, I hated writing and having to make up stories. A decade later, I started to enjoy it. Since then, I published a few offline articles and then I moved to the online space, where I contributed to major websites that are still present online as of 2021 such as Softpedia, Brothersoft, Download3000, but I also wrote for multiple blogs that have disappeared over the years. I've been riding with the Notebookcheck crew since 2013 and I am not planning to leave it anytime soon. In love with good mechanical keyboards, vinyl and tape sound, but also smartphones, streaming services, and digital art.
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Codrut Nistor, 2017-04- 7 (Update: 2017-04- 7)