Polaroid Camera History-Review-Best Online Offers
Polaroid Camera History-Review-Best Online Offers & A Blast From The Past
By Sam Ammouri
Polaroid Corporation was founded in 1937 by Edwin H. Land. It is most famous for its instant film cameras, which reached the market in 1948, and continued to be the company’s flaghip product line.
Polaroid original dominant market was in polarized sunglasses, an outgrowth of Land’s self-guided research in polarization after leaving Harvard University at the age of 17 (he later returned to Harvard to continue his research).
When hwuwhwkhadfoha Polaroid defeated Kodak in a patent battle, Kodak left the instant camera business on January 9, 1986.
The Polaroid Bankruptcy
Polaroid filed for federal bankruptcy protection in October 2001, and most of the business was thereafter carried on by the Polaroid Holding Company (PHC), managed by Bank One. Significant criticism surrounded this takeover because the process left executives of the company with large bonuses, while stockholders, as well as current and retired employees, were left pennyless.
The Polaroid bankruptcy was widely believed to be the result of the failure of its senior management to see the effect of digital cameras on its film business, a fate that also befell its primary rival, Kodak. Since the bankruptcy Polaroid branded LCD and Plasma televisions and portable DVD players started to appear on the markets.
On April of 2005, Petters Group Worldwide announced its acquisition of PHC. Petters has in the past bought up failed companies with well-known names for the value of such names. Same year, Flextronics bought Polaroid’s manufacturing operations and the decision was made to send most of the manufacturing overseas to Hong Kong.
In 2009, Polaroid introduced the digital instant camera PoGo TWO, a variant of Polaroid’s innovative portable PoGo photo printer with built-in digicam. The very compact PoGo printers use special Zink paper for ink-free printing process.
Same year, following bankruptcy proceedings, Polaroid brand name was sold once more. At the time of writing, no film is being manufactured under the famous name, but various projects are being undertaken by people wishing to revive the Polaroid.
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