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.
GoPro turns the first profit after two years thanks to the new Hero 7 camera
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GoPro has had its ups and downs, but apparently, this holiday season turned out to be profitable for the company. And it’s the first time since 2017. Apparently, GoPro’s newest Hero 7 lineup has helped the company turn its first quarterly profit in nearly two years.
Adobe breaks the record again: reports $2.08 billion revenue in Q1 of 2018
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After hitting the record revenue of $1.84 billion in Q3 of 2017, Adobe has done it again. They broke another record and reported $2.08 billion income in Q1 of 2018. Although many photographers are unhappy with the subscription-only model, it seems Adobe is still doing just fine. Even more than fine.
Nikon sales are down, but profits are up. Study suggests this pattern will continue
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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.
