finance Archives - DIY Photography

Olympus has sold its camera and imaging business – yeah, seriously

June 24, 2020 by John Aldred 15 Comments

There were rumours in November that Olympus would shut down its camera business within 8 months, which was flat out denied by Olympus. Now, here we are, 8 months later, after several years of speculation and rumour and more denial, Olympus has indeed sold its camera and imaging business to a company called Japan Industrial Partners (JIP). It’s like “Surprise!” but not really.

Olympus posted the notification of signing a Memorandum of Understanding to the Olympus website, stating that Olympus had sold its imaging business to JIP. The legally-binding deal, they say, will be completed by September 30th, 2020. Here’s the complete statement from Olympus…
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Nikon expects “extraordinary losses” as a result of coronavirus pandemic

May 13, 2020 by Dunja Djudjic Leave a Comment

As we all know, the coronavirus pandemic has been affecting many businesses, big and small, and camera companies are not an exception. In a recent notice, Nikon warned investors of “extraordinary losses” expected due to the current pandemic.

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Canon’s latest financial report shows a massive 25% drop in sales

April 24, 2020 by Dunja Djudjic 6 Comments

Canon has published the financial results of the first quarter of 2020, and as it was probably expected – they’re not good. The results show that the sales have dropped by 25% in the Q1 of 2020. Of course, there’s an obvious cause of such poor results: the coronavirus.

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Olympus denies rumors about shutting down its camera business. Again

November 15, 2019 by Dunja Djudjic Leave a Comment

Olympus hasn’t been doing quite well in terms of revenue. This started a rumor that the company is soon closing its camera business within less than a year, but it looks like it will remain just a rumor. No, Olympus cameras aren’t going anywhere, and the company itself has now officially confirmed it.

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

November 12, 2019 by Dunja Djudjic 19 Comments

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.

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Canon imaging profits drop by nearly 60% in Q3/2019

November 1, 2019 by Dunja Djudjic 31 Comments

Canon recently released its Q3/2019 financial report and the results are once again pretty bad in the imaging division. The trend of declining sales and profits continues, with a 13.9% decrease in sales and a 56.8% decrease in profits compared to the Q3/2018.

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Report: Casio exits compact camera business due to major financial loss

April 25, 2018 by Dunja Djudjic 2 Comments

According to the latest reports, Japanese electronics company Casio has decided to exit compact camera business. After more than two decades of producing compact digital cameras, the company has decided to withdraw from this market due to the financial loss.

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Fujifilm sales increased thanks to instant film cameras, not digital

February 19, 2018 by Dunja Djudjic Leave a Comment

Fujifilm has recently released their FY2018/Q3 financial report, showing that the sales have increased over this period. Interestingly, it’s not their digital mirrorless cameras that boosted the earnings. It’s the Instax line of instant film cameras.

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Eastman Kodak cuts over 400 jobs due to financial loss

November 10, 2017 by Dunja Djudjic 1 Comment

On Wednesday, Eastman Kodak Co. announced that they are cutting 425 jobs due to a large financial loss in the third quarter of 2017. Compared to the same period last year, the company’s revenues were down 8 percent. So, they decided to lay off about 7 percent of their overall workforce, hoping this will help them generate cash in the fourth quarter of 2017.

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Adobe breaks the record with $1.84 billion Q3 revenue

September 21, 2017 by Dunja Djudjic 15 Comments

At the end of the third fiscal quarter, Adobe broke the record in revenue. The financial results they reported for the Q3 of 2017 show the $1.84 billion income, which is 26% year-on-year revenue growth. Out of this sum, as much as $1.27 billion comes from Adobe’s Digital Media segment, with Creative revenue growing to $1.06 billion. Although many users aren’t happy with the subscription model, it seems that it’s been the ultimate solution for Adobe.

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