For anyone growing up in the 1950s and '60s, the Polaroid Land camera was a technological wonder. Instant photos, right before your eyes.
But digital cameras have rendered the old Polaroid camera obsolete, and the Minnetonka-based company that owns Polaroid is phasing out the instant analog camera and its special film after a 60-year run chronicling birthday parties, weddings and crime scenes.
The next phase for Polaroid, a division of Petters Group Worldwide, is a digital platform that includes instant, portable printers.
The old Polaroid camera has been out of production since last year. The manufacturing of film will end this spring, leaving Fujifilm as the only maker of instant film worldwide.
"Marketplace conditions, a lack of availability of raw materials and consumers' transition to digitally based products made it impossible for the company to sustain the manufacturing of the instant film line," Polaroid said in a statement.
Polaroid factories that produce the film are closing in Massachusetts, Mexico and the Netherlands. The company's total workforce has been reduced to 150 employees at the Concord, Mass., headquarters and a number of additional jobs at a remaining production facility in the Boston suburb of Waltham.
Embracing digital
At their peak in 1991, Polaroid sales approached $3 billion. Ten years later, the company was a shell of its former self and filed for bankruptcy. Petters bought it in 2005 for $426 million with a strategy of using the well-known brand name to sell a line of consumer electronics including plasma TVs, DVD players and memory cards.