Olympus Exits the Camera Business After 84 Years

After launching online courses and virtual talks on photography just two months ago, Olympus announced today that it is selling its camera business to Japan Industrial Partners (JIP). Olympus -- once one of the world's biggest camera brands -- will now focus primarily on supplying industrial and medical imaging equipment. Although the company said it had improved cost structure, worked on high-profit cameras and took steps to "cope with the extremely severe digital camera market," it reported op...