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

Nov 12, 2019

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.

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

Nov 12, 2019

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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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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Dunja Djudjic

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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19 responses to “Olympus rumored to shut down its camera business within eight months. Again”

  1. Ron Cunningham Avatar
    Ron Cunningham

    Mike C Lovett ?

    1. Mike C Lovett Avatar
      Mike C Lovett

      Owt‘s possible. Given the state of the market we should expect consolidation. Always thought Oly’s camera division was at least in part R&D for the medical divs

  2. Peter Foote Avatar
    Peter Foote

    That’ll annoy the few people who shoot them.

  3. Bill Worley Avatar
    Bill Worley

    Rock solid camera that doesn’t compete in the marketplace. They could save the product line with larger sensors. They’re the only line without APS-C.

    1. Christopher R Field Avatar
      Christopher R Field

      Bill Worley panasonic?

    2. Bill Worley Avatar
      Bill Worley

      I don’t think it’s as critical since they make full frame.

  4. Duncan Knifton Avatar
    Duncan Knifton

    would be a crying shame if this happens….

  5. Kevin Smalls Avatar
    Kevin Smalls

    What no way

  6. Kevin Smalls Avatar
    Kevin Smalls

    Well hope their camrea price drop then

  7. Jools Parker Avatar
    Jools Parker

    Just rumour, they’ve just brought out a new camera, with another and new lenses to follow. Rumour has been quashed on the Olympus forums and FB

  8. Dave Avatar
    Dave

    In the international crowds that show up for sunrise and sunset in the Grand Canyon, I was the only person shooting with an Olympus camera and one of the very few not shooting with a phone. The handwriting is on the wall for all camera manufacturers.

    1. Jools Parker Avatar
      Jools Parker

      Basem Soliman Yes, as are most of the rumours that keep getting recycled. They’ve debunked the latest rumour on forums in the last week

  9. Carter Tune Avatar
    Carter Tune

    The Olympus booth was very popular and busy at Photo Expo.

    1. Fernando plus Avatar
      Fernando plus

      time to start buying instead of getting excited/curious

  10. Alexander L. Harris Avatar
    Alexander L. Harris

    Doesn’t this get recycled a few times a year with a different brand’s name attached?.. occasionally the rumour mongers get bold and say it’s going to be Nikon or Canon.

  11. Michael M Avatar
    Michael M

    I can go back to my first 35mm camera and deciding between the Olympus OM-1 and the Nikon FM. I did go the Nikon route but the reality remains that Olympus has always made excellent product. Reality also tells us that it isn’t always about quality or innovation but about sales. Hope Olympus continues to stay in the camera business.

  12. Roy Bridgewood Avatar
    Roy Bridgewood

    Rather than posting RUMOUR why not keep your site CREDIBLE

    This is just fishing for response

  13. Jeroen Avatar
    Jeroen

    Just 4 months left. Still no indication that Olympus is quitting. It recently released some body’s and lenses and more is on the roadmap for this year.