Comment Re:Horse and buggy companies didn't make it either (Score 3, Informative) 352
A few excerpts from Kodak develops: A film giant's self-reinvention (Feb 2010) seem to suggest they just couldn't transition fast enough rather than became irrelevant.
The usual explanation is that Kodak failed to see the approach of digital.
In fact, Kodak was more than ahead of its competitors: it invented the digital camera -- even though it lacked the foresight to exploit it.