Report Archives - DIY Photography

Second-hand market ditches DSLRs in favor of mirrorless

February 23, 2021 by John Aldred 8 Comments

Well, this is a surprise. It seems that the second-hand market is following suit with new purchases. According to used gear retailer KEH, who reported on their blog, mirrorless sales have overtaken DSLRs in the used market for December 2020. This is the first time that this has happened in the company’s history and they say the trend looks to continue for 2021.

KEH notes that DSLRs has been a huge part of their business and that they ruled their top 10 best selling cameras from 2010 to 2019. In 2020, that changed, when three mirrorless bodies entered that top 10 list with the charge being led by the Sony A6000.

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Camera sales plummeted in 2020 – mirrorless overtakes DSLRs in units shipped

November 9, 2020 by John Aldred Leave a Comment

The latest CIPA report is out for camera sales up to September 2020 and it’s not looking good at all for cameras this year – any type of cameras. The data shows that there has been a bit of an upsurge in both DSLR and mirrorless sales in the past month or so, but both have taken a huge beating this year.

DSLR sales down 54% from the same January-September period in 2019. And while mirrorless cameras are also down a significant 34% chunk, they are starting to gain some ground when it comes to market share vs DSLRs, overtaking them in overall unit sales.

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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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Canon’s profit projections are twice as bad as previously expected, reports Nikkei

July 19, 2019 by John Aldred 21 Comments

In April, Canon’s Q1 2019 financial report presented a 23% decline in camera sales, with an 81% drop in operating profit vs Q1 2018 and an anticipated 25.8% drop in operating profit across the year as a whole. Now, three months later, Nikkei Asian Review is reporting that the projected figure has now increased to a 40% reduction for the year.

The massive drop in operating profit, they say, is down to “a slowing European economy and slumping chip market”. And the projections are expected to drop further when Canon presents its first-half earnings next week.

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FAA expects commercial drone market to triple in size by 2023 but consumer demand is dropping

May 10, 2019 by John Aldred 1 Comment

The Federal Aviation Administration has just released its 20-year forecast predicting what may happen in the world of aviation between now and 2039. It covers a number of topics from international and domestic travel to commercial aircraft and UAVs.

Of particular note is that the commercial drone market appears to be expanding rapidly. In fact, they expect it to triple in size by 2023. They also say that consumer drone demand has “slowed considerably” and that they expect it to continue doing so.

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

April 26, 2019 by John Aldred 9 Comments

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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Canon Q3 results are out. Not awesome, but the company is definitely not dead

November 1, 2018 by John Aldred 2 Comments

Canon has published their Q3 2018 financial report, and although things seem to have taken a little dip with a decline in overall interchangeable lens camera sales, their future still looks bright.

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Sony plans to dethrone Canon with $9 billion camera tech investment

May 23, 2018 by John Aldred 5 Comments

Sony is taking no prisoners. In their latest mid-term strategy paper, they pledge almost a 1 Trillion Yen (~$9 billion) investment into camera technology over the next three years. The investment is primarily in image sensors, with the goal of becoming the “top brand in the overall camera market” by 2021.

With Canon’s recent announcement to take more than 50% of the interchangeable lens camera market in the next few years, things should get exciting. Given Sony’s rapid growth in the camera market over the last few years, both Canon and Nikon will have an even greater challenge on their hands now.

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