During the mid-1960s, Polaroid took out some of the first patents on electronic shutters. However, Polaroid was not unaware of the progress of electronic imaging on the contrary, the company was involved in developments in the field early on. The basis for the instant camera was a chemical process that mimicked the darkroom. At its peak the company employed 21,000 people. The invention was an immediate success, and over the next two decades, the instant camera became widely used both in the consumer market and in the business market for such purposes as driver's licenses, crime reports, and real estate advertising.īy the 1960s and early '70s, Polaroid held a monopoly in the instant photography market, and its sales accounted for about 20% of the overall market for film and 15% of the U.S. In 1948, in response to a question from his young daughter, Land invented a camera that produced finished photographs in minutes. Founded in 1937 by scientist Edwin Land, the company built its initial business during the interwar period, prospered as a defense contractor during World War II, and then found new success as an innovator in the post-war boom years.
Polaroid was one of America's early high-tech success stories.
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