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Olympus rumored to shut down its camera business within eight months. Again

Nov 12, 2019 by Dunja Djudjic 19 Comments

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Rumor has it that Olympus could shut down its camera business. The latest financial results are not stellar, and some reports say that the company could close its camera division as soon as next year.

The latest report was shared by Photo Rumors, and it’s based on financial analysis (or perhaps a personal opinion) done by Personal View:

  • It is total instability now in camera division, in various countries people are running and looking for new positions.

  • Lot of rumors and talks that we can hear sudden closure press release within January-March time.

  • Some talks are that development team and some equipment can be picked either by Sony or Samsung.

A similar rumor was going around earlier this year. It speculated that Olympus was about to leave the digital camera market due to financial losses in the Q3/2108. However, Olympus denied the rumor shortly after it broke out:

“The image technology we have cultivated for about 70 years is also effective in other fields. We know that production know-how such as cameras will be useful for expanding mass-produced therapeutic equipment.” – Yasuo Takeuchi, Olympus President/CEO

True, Olympus hasn’t been doing well lately in terms of revenue, losing 17% in the imaging business in Q2/2019. But, other companies have been doing poorly too. Canon’s few latest financial reports have been catastrophic. Kodak has also seen a decrease in overall profits. And neither of these companies is shutting down their business (and we’re happy for it). So, I believe that the latest rumor regarding Olympus will remain just that – a rumor.

[via SLR Lounge, Photo Rumors]

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Related posts:

Olympus denies rumors about shutting down its camera business. Again Canon sees a grim future for the camera business: expects digital camera market to shrink by half within two years Olympus has sold its camera and imaging business – yeah, seriously Samsung rumored to be dropping out of the camera business

Filed Under: news Tagged With: finance, financial report, olympus, rumor, rumors

Dunja Djudjic: from diyphotography.net

About Dunja Djudjic

Dunja Djudjic is a multi-talented artist based in Novi Sad, Serbia. With 15 years of experience as a photographer, she specializes in capturing the beauty of nature, travel, and fine art. In addition to her photography, Dunja also expresses her creativity through writing, embroidery, and jewelry making.

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Dunja Djudjic: from diyphotography.netDunja Djudjic is a multi-talented artist based in Novi Sad, Serbia. With 15 years of experience as a photographer, she specializes in capturing the beauty of nature, travel, and fine art. In addition to her photography, Dunja also expresses her creativity through writing, embroidery, and jewelry making.

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