Business history is replete with stories like this, of corporate imaginations going bust OR just being squeezed when new opportunities would make a difference. Western Union had little interest in the new fangled telephone, GE, Philco and other consumer electronic companies totally lost out to Japan in the home entertainment (just as Japan is losing to Korea and Taiwan now). Kodak had the FIRST Digital Camera in 1975 and helped Apple with its First Digital “QuikTake” in 1994.
It is highly likely, that at some point in the future, people will point to Apple as doing the same thing. Very few non-niche companies can reset themselves over and over again and IBM is the only one that I can think of that is not a financial or legal conglomerate. This is also a strong argument against GOVERNMENT operating in business. Socialism and Fascism stifles business self-interest, stifles competition, stifles new business entry and leads to bureaucratized emulations of government, large and stolid.
Actually, it is the other way around... Apple helped Kodak. In 1991, Kodak released the first professional digital camera system (DCS), aimed at photojournalists. It was a Nikon F-3 camera equipped by Kodak with a 1.3 megapixel sensor. Apple provided the software for that camera because the majority of photographers were using Macs.
The first digital cameras for the consumer-level market that worked with a home computer via a serial cable were the Apple QuickTake 100 camera (February 17 , 1994), the Kodak DC40 camera (March 28, 1995), the Casio QV-11 (with LCD monitor, late 1995), and Sony's Cyber-Shot Digital Still Camera (1996). The Apple/Kodak partnership was already established.