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.
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.
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.
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.
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.
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.
You can’t learn anything in life unless you make mistakes. Some mistakes are obvious. Some mistakes are a lot more subtle.
In this article I will share a subtle mistake that cost me over ten grand (plus a few other ongoing mistakes that are costing me money right now) and what lessons can be learned and applied to running a photography business.