What is the reason behind Polaroid going bankrupt?
A) It failed to have innovative technology and a captive customer base.
B) One-hour film processing and digital cameras stole its market share.
C) People who wanted instant access to their pictures also wanted a third party involved.
D) All of these.

Question

Quizplus · Accepted Answer

One-hour film processing and digital cameras stole Polaroid's market share. While instant access to pictures was still desirable, the convenience offered by one-hour processing and digital cameras surpassed Polaroid's offerings. Polaroid failed to adapt and compete with these technological advancements, ultimately leading to its bankruptcy.

What Is the Reason Behind Polaroid Going Bankrupt