LAS VEGAS--The bad economy has hurt the photography business, but there are a few areas of growth amid the gloom.
Among the bright spots are digital SLR cameras, photo books, memory-keeping moms, and Web sites adapted for mobile phone use., concluded InfoTrends analysts sharing research results at the Photo Marketing Association (PMA) show here Wednesday.
Overall, though, the mood is grim.
"It sure feels different at this year's PMA. There's not so much booth space, not so much traffic. The energy level is down. This recession feels different from back in '01 (which was) somewhat contained to the tech sector," said InfoTrends President Jeff Hayes. "Now it has become an issue of a consumer confidence crisis and has become a lot more broadly based. The photo industry is feeling this." … Read more