Softpedia reported: Olympus has announced that it will be leaving portable MP3 players behind and switching focus to single lens reflex cameras in the future.

Olympus, the Tokyo-based company, has announced that it is stopping production of portable digital music players, as it is unable to keep up with the stronger players such as Sony and Apple.

Olympus is the second major victim of the rapidly growing market and the dominance of Apple’s iPod. Earlier this year we witnessed the retreat of D&M Holdings from the portable music player market due to their Rio brand of music players loosing more and more ground.