Kodak and Polaroid saw their business model and profits vanish as a result of inefficient R&D and slow uptake of digital photography.

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Kodak and Polaroid, once leaders in the photographic film industry, struggled to adapt to the digital photography revolution. Their slow response and underestimation of digital technology's impact led to significant declines in their traditional business models and profits.

Kodak and Polaroid Saw Their Business Model and Profits Vanish