Digital Cameras' Second Wind
As recently as the first quarter of this year, the market for digital cameras looked as if it were heading for a decline in overall demand. It seemed most of the people who wanted a digital camera to replace their old film cameras had bought one. According to market research firm IDC, digital camera sales in 2006 grew 15%, down from 20% in prior years, and were forecast to grow only 8% in 2007 (see BusinessWeek.com, 4/27/07, "Quick! Take a Picture!").
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