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%.
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.
Rumours were flying earlier this month out of Japan saying that Olympus wasn’t having a great time right now. In fact, they suggested Olympus was having such a bad time that they were considering leaving the digital camera market.
Well, now, according to a report on SankeiBiz, the Olympus president-elect, Yasuo Takeuchi, has stated with a pretty emphatic no, that Olympus will not be closing down its imaging business.
According to the latest reports, Olympus is doing badly. And it’s so bad, that the company could even leave the digital camera market. Reportedly, the company’s activist shareholders could force Olympus to exit the market and go into a different direction.
With Canon and Nikon announcing their full frame mirrorless camera, 2018 was an exciting year when it comes to camera industry. But how has this affected the overall results in gear manufacturing and sales? All this and more was explored in this video by LensVid. While the previous year brought us some long-awaited novelties: it seems that the market is still declining.
In a recent interview, Canon’s president Fujio Mitarai expressed not-so-optimistic predictions for the future of the camera business. He admitted that Canon’s sales have declined by around 10% in the past couple of years, and he believes that it will get even worse. According to Mitarai, the digital cameras market could shrink by as much as 50% within the next two years.
With both Nikon and Canon soon joining the mirrorless game, the old question of the faith of DSLRs rises again: will this be the end of DSLR cameras? In this video, James Popsys gives his take on the topic. He believes that DSLRs will stay with us regardless of the mirrorless cameras, and let’s see if you agree with his arguments.
No matter if you’re selling or buying used gear, I’m sure you’d like to get a good price. Bokeh Market is a website which will tell you the market value of used gear: cameras, lenses and bundles. This way, you’ll get the insight into the real-time value of used gear, so you can determine the price to sell it or make sure not to overpay when buying.
Nikon have released the financial results for the Image Products Business for the first quarter of the year. The report mentions that sales have dropped 8.9%, although net income has increased 176.2% over the same period last year.
Another report by Credence Research suggests that this may be the beginning of a trend. They cite smartphones and tablets as the biggest threat to both fixed lens and interchangeable lens cameras.