Facebook’s acquisition of Instagram in 2012 proves to be a good decision even seven years later. According to a recent report, Instagram earned around $20 million in 2019 from ads only. In other words, that’s more than a quarter of Facebook’s overall 2019 revenue.
Adobe has announced financial results for its fourth quarter and fiscal year 2019. The results reveal that the company has achieved record revenue, both quarterly and annually. The quarterly revenue for the last quarter of 2019 is $2.99 billion, whereas the annual revenue is whopping $11.17 billion.
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.
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 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.