If you are planning to buy a new digital camera during the PC Fair or otherwise, you might be interested to read this.
SquareTrade, the largest independent warranty service provider in US has, in 31 March 2010, unveiled a report that analyzed failure data from a sample of over 60,000 new digital cameras purchased by their warranty customers.
The report concluded that 11% of digital cameras fail over the first 2 years of ownership, whereby 6.6% of failures coming from malfunctions and 4.1% from accidents.
Interestingly, they also found out that the failure rate is inversely propotional to the price of the camera. Cheaper point-and-shot digital cameras are more vulnerable to malfunction than the more costly Digital SLR cameras.
And the most reliable point-and-shot digital camera brand is... Panasonic.
How about the DSLR? There is no significant difference between the reliability of Nikon and Canon.
Click here to read the full report of SquareTrade's Digital Camera Failure Study.