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Ricoh may close shutter on personal camera business

Pentax parent shifts away from its roots as smartphones dominate

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  © Reuters

TOKYO -- Ricoh is shrinking its money-losing camera business to concentrate resources on commercial applications as smartphones continue to crowd out long-established names in photography.

The Japanese company will undertake a radical review of a production and manufacturing strategy centered on cameras for the retail market, including such brands as Pentax and the GR series of compact models. Options include withdrawing from the personal camera segment altogether.

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