Not to be outdone by Nikon, who recently announced a nearly complete exit of the film-based camera business, Konica Minolta has just announced that they're pulling out of the camera biz altogether. The company announced that they were scaling back consumer operations in November, especially killing off their film line and mainly concentrating their DSLR line. Now they're ceasing operation altogether, along with ending their film and photo paper production. Sony will be continue to manufacture cameras compatible with Konica Minolta lenses, which furthers a partnership the two companies formed last year, and will receive some of Konica Minolta's DSLR related assets.

[Thanks, Jason]

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Konica Minolta throws in the towel, quits the camera biz