Kodak Tower a landmark in the Rochester Skyline, and an icon in the world of film photography. The building has also been called the "nerve center of photography". The skyscraper is owned by the Eastman Kodak Company, and remains the headquarters of the company. In 2008, Kodak undertook work to repair and restore the exterior of the building. The Kodak Tower was constructed on the site of a former factory next to several seven story Camera Works buildings that clustered around the site. Construction began in 1912 and was completed in 1914 with Kodak founder George Eastman presiding over the project. Upon
Kodak Kodak held the No. 2 spot in U.S. digital camera sales (behind Sony) but it lost $60 on every camera sold, while there was also a dispute between employees from its digital and film divisions. The film business, where Kodak enjoyed high profit margins, fell 18% in 2005. The combination of these two factors resulted in disappointing profits overall. Its digital cameras soon became undercut by Asian competitors that could produce their offerings more cheaply. Kodak had a 27% market-leading share in 1999, that dwindled to 15% by 2003. In 2007 Kodak was No. 4 in U.S. digital camera sales