Canon announced Thursday that is considering leaving the film camera market to focus on the new digital models.

Considering the rapidly fading role of film in photography, we consider Canon making a smart move.

A spokesman at Canon, the world’s largest digital camera maker, said it would consider whether it needs to continue developing both compact and single lens reflex (SLR) film models because the markets for both are shrinking.

Canon said it would continue to produce and sell existing models and make a final judgment on the business in the future while monitoring market demand.

Canon’s statement follows an announcement earlier this year by rival Nikon Corp. that it would stop producing most of its film cameras, expect for a few professional products.

Konica already announced the same thing, that it leaves the camera and photo film market because it loses a lot of money due to competition and weak demand.

We will keep you posted if Canon changed its mind.