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Sony takes the number two global ILC market share spot from Nikon

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Sony’s report for the 2018 fiscal year is out, and amongst all of the usual mundane facts and figures is one particularly interesting piece of information. It seems that Sony’s share of the interchangeable lens camera market has now surpassed that of Nikon to claim the number 2 spot behind Canon.

Sony is reporting it has 23 per cent of the global interchangeable lens camera market based on revenue, and 24% of the camera market overall, an increase of four percent compared to the 2017 fiscal year.

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Nikon reports an almost 18% drop in Imaging Business revenue

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It looks like Canon’s not the only one hurting this year. Nikon has just published their financial report for this fiscal year, running from April 1, 208 until March 31, 2019. While the company as a whole seems to be on the up, they report a 17.9% reduction in revenue compared to the 2019 fiscal year with a drop in operating profit of 27%.

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The Sony A7III is outselling its four closest mirrorless competitors combined in Japan

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The latest data from BCN retail shows some interesting results of how the mirrorless market is looking lately in Japan. The image above shows sales volume for the top 5 selling full-frame mirrorless cameras in Japan through March and early April, with the Sony A7III growing in popularity against its suffering competition. The Canon EOS R, Canon EOS RP, Nikon Z6, and the A7III’s older sibling, the Sony A7II.

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Canon reports 23% decline in camera sales and 81% drop in Imaging division operating profit

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Canon has previously predicted a 50% drop in camera sales over the next two years, and it seems that they might be right according to their latest financial report from Q1 2019. According to the report, they’re already seeing a 23% decline in camera sales from last year, with an 81% drop in operating profit vs Q1 2018.

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Sony claims top spot for full frame interchangeable lens camera sales

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Sony claims that they are now number 1 in full frame interchangeable lens camera sales in the USA, beating out both Nikon and Canon. Sony also says that within just the mirrorless market, they’ve held that top spot in both dollars and units for over 6 years. It seems may be well on track to become the top camera brand they see themselves becoming by 2021.

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Canon aims to take 50% of interchangeable lens camera market share

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“We will go on the offensive” says Fujio Mitarai, Canon CEO, confirming that Canon are finally taking mirrorless seriously. The focus toward was confirmed by a manager recently, but it really only spoke about the entry-level. Now it looks like Canon is tackling the entire mirrorless market head-on if the slides and speech summary from Canon’s Corporate Strategy Conference anything to go by.

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Flickr’s Camera Uploads Dominated by Smartphones, Mirorrles almost Non-Existing

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Flickr has just released their new year in review statistics. Some stats are surprising, some are obvious.

What is pretty obvious is that Flickr uploads is dominated by smartphones (42% of photos). Actually, it is dominated by iPhones. 4 of the 5 most popular Cameras on Flickr are iPhones, with one being a Samsung Galaxy.

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Mirrorless Market Continues to Expand at the Expense of DSLRs; Sony Strengthens its Dominance

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According to market research company NPD Group, the overall revenue from mirrorless cameras has grown by 16.5% over the past year while DSLR sales have dropped by ~15%.

Sony was the main benefactor, or stimulant, with an impactful 66% boost in its mirrorless camera sales.

“Growth in the mirrorless segment shows this new technology and form factor are resonating with consumers,” said Ben Arnold, an executive director at The NPD Group. “Going forward, mirrorless will continue to command a greater share of the interchangeable lens camera category.”

Strong innovation in the mirrorless market and the increasing popularity among younger people give Sony and other MILC manufacturers reason to be optimistic about the future.

Is this another sign that the DSLR market as we know it is coming to an end?

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