If you have not yet heard the news, today Olympus made an announcement that it is going to sell its camera division to Japan Industrial Partners (JIP) by the end of 2020. With its continuous losses in the past few years thanks to serious declines of camera sales (thanks to the rise of the smartphone), Olympus is basically leaving the camera industry, letting a third party manage its camera business. And with the COVID 19 pandemic that has really hurt the camera industry, it is clear that the company is doing what it can to survive as a business.
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