Let’s take a look at the latest camera sales report coming out from CIPA. The sales graph looks a bit improving at the end of 2020. Most of the camera and lens makers production plants are running on half of their capacity due to the global pandemic issues / less demand. At the same time the entire world right now facing economic recessions and most of the private firms are paying 50% or 60% pay to their employees to manage the loss they are facing up. From the beginning of this year, Most of the events (wedding) and mass gatherings were suspended in most of the countries due to the lockdown and social distancing rules. All these factors were responsible for the low sales numbers.
Let’s hope for the best for the upcoming months and stay safe.
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