Kodak Forecasts Faster Digital Sales Growth
A year after Eastman Kodak Co. unveiled an ambitious new strategy to accelerate its foray into digital imaging, the company said it expected filmless products and services to constitute more than half of its sales by 2005.
At a meeting with investors in New York, Kodak said it remained on course to boost revenue to $16 billion in 2006 from $13.3 billion last year. But it now anticipates digital sales to jump 36% a year between 2003 and 2007, compared with a year-ago projection of 26% annual growth between 2002 and 2006.
Kodak shares closed up 51 cents at $32.18 on the NYSE.
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