Canon R6 Mark II and Canon R50 are the most sold models of Canon. Imagine a business in the year of 2024, the first and second quarter, which is written in the Canon’s latest financial report, and more or less, these two cameras are also responsible for Canon’s financial recovery. Let’s have a look
Canon official Finical REPORT of 1st half of 2024 – Conference on results for 2Q 2024 (July 25, 2024)
In the Imaging Business Unit, interchangeable-lens digital camera’s performance was solid due to steady sales of the EOS R6 Mark II full-frame mirrorless camera and the new entry-level EOS R50, along with increased sales of digital compact cameras. Although sales for network cameras decreased temporarily in the previous quarter of this year due to the adjustments of inventory levels in the market, sales for the second quarter of network cameras increased thanks to need for diversified applications. As a result, sales for the second quarter of the Imaging Business Unit increased by 11.6% compared with the same period of the previous year to ¥244.7 billion, while income before income taxes for the second quarter increased by 19.3% compared with the same period of the previous year to ¥41.7 billion. Sales for the first half of the year totaled ¥420.3 billion, a year-onyear increase of 2.1%, while income before income taxes totaled ¥56.6 billion, a year-on-year decrease of 21.9%.
REPORT ANALYSIS
Canon’s Imaging Business Unit had a mixed performance. They sold many cameras like the EOS R6 Mark II and EOS R50, which boosted sales by 11.6% to ¥244.7 billion. However, their overall income before taxes for the first half of the year dropped by 21.9% to ¥56.6 billion compared to last year. This means while they are making money, their profit has decreased compared to before, so they haven’t fully recovered yet.
But what can we expect from Nikon? Even if they have acquired RED, does it mean we will see some drastic improvements in the world of cinematography, codecs, and everything else? Let’s analyze these things one by one. There’s curiosity about what improvements Nikon’s acquisition of RED might bring to photography and related technology
RED’s Technological Advancements:
Before we dive into all these details, we first need to look at RED itself and where the technology has reached by the end of 2022, according to its latest updates. Their latest release was the Komodo-X, capable of shooting impressive 4K videos at up to 120 frames per second in 12-bit RAW. Additionally, in their recent update, they have enabled a face detection autofocus system via their app, which many RED camera owners have tested and found to work well. This app can be installed on your iPad, and with its help, you can enable the face detection autofocus system.
RED with Active RF-Mount, Face Detect AF
However, it’s important to note that RED’s KOMODO-X face detection autofocus system is active via Canon’s RF mount. Now that Nikon has acquired RED, any ongoing partnership with Canon will likely be phased out as soon as possible. Shortly, we can expect upcoming RED Komodo-X variants, with Z-Mount.
Partnership with TowerJazz:
RED partnered with TowerJazz for their cameras’ 20-megapixel global shutter Super 35mm sensors, offering advanced video capabilities. This partnership helped RED stay ahead of other consumer and mid-level cameras.
RED’s R&D teams worked for many years to achieve their current level of perfection. Now, with Nikon’s acquisition, it’s easier for Nikon to transfer these technologies and allow their Z-Mount R&D division to benefit from them. At the same time, Nikon will also share their advanced autofocus algorithms with RED, aiding in the development of active Z-Mount-based cinema cameras in the near future.
By the transfer of RED camera technologies, Nikon can also use the 20 MP Global shutter sensor in near future products to introduce their dedicated cinema consumer-level mirrorless camera.
Nikon and TowerJazz Collaboration isn’t new, Nikon and TowerJazz have a long-standing relationship, with TowerJazz relying on Nikon for equipment and Nikon using TowerJazz sensors in their DSLRs and mirrorless cameras. This collaboration is evident from the companies’ shared presentation materials.
Initially, Nikon helped tower Jazz with two systems: the NSR-2205i14E2 i-line stepper and the NSR-S204B scanner system for Tower’s 0.18-micron pilot line. As Tower ramps up capacity in Fab 2 in the second half of 2002, Nikon will provide it with models NSR-S205C scanning steppers and NSR-2205i14E2 i-line steppers and/or NSR-SF110 wide-field steppers. The total value of the agreement is expected to reach or exceed $150 million over the next four years.
Potential Release of KOMODO Z:
A RED camera with Nikon’s Z-mount. We can expect upcoming RED Komodo-X variants, like Komodo Z to feature ACTIVE Z-mount support. Since the face detection system is already enabled with the Canon RF mount, if Nikon introduces a Z-mount, we can be sure that the face detection autofocus system will be enabled either via an app or directly in the camera.
What to Expect
So in the future, we will see 12-bit internal video recording capabilities and global shutter sensors coming to Nikon Z-mount mirrorless cameras. At the same time, upcoming RED cameras will feature an active Z-mount with full-time autofocus support.
Nikon’s president, in an interview, confirmed that they will focus more on the video quality of their upcoming products. Thanks to RED Corporation, the quality of professional cinema cameras will be brought down to Nikon consumer-level cameras. Who knows, shortly, Nikon may also announce a new range of cameras that will feature both RED and Nikon branding.
Take a look at he said
Nikon President Yoshiaki Tokunari said in an interview that “video performance is required in recent years” regarding the company’s main camera business, and expressed his intention to expand market share by incorporating video technology from a US movie camera company that Nikon acquired this spring. Regarding recent sales trends, he said, “We are seeing signs of recovery in interchangeable lens cameras.” By region, he explained, “China has grown to the same level as Europe, and the growth rate is large in emerging countries such as South Asia.” Semiconductor exposure equipment, which Nikon and Canon handle, is an industrial machine that burns circuits onto silicon plates. Plans for new semiconductor factory construction across the country are a tailwind, and Tokunari expressed his enthusiasm for expanding sales, saying, “There are business opportunities.
This is very good news, as Nikon is now open to many new possibilities. They already have an open mount, allowing for a wide range of lenses, and now they are focusing more on improving the video capabilities of their consumer-level cameras. Last year, they saw a 1.5% growth in overall operating profit, and experts predict they will achieve at least 1.5% to 2% growth in the future.
Canon Unveils Advanced AI-based Innovations at Inaugural ‘Think Big’ Event in Hong Kong
‘Think Big – The Power of Future’, Canon’s first event in the series to be held outside of Singapore, showcases cutting-edge AI technologies to revolutionise the modern workplace and various key industries
HONG KONG SAR – 23 July 2024 – Canon today announced the launch of the first ‘Think Big’ Event Series in Hong Kong. Set to educate business leaders on innovative industry trends and transform the business landscape, ‘Think Big – The Power of Future’ marks the first edition of this dynamic event to be held outside of Singapore, following multiple editions held in the country over the past decade. Slated for Friday, 2 August 2024, from 9am to 4pm at JW Marriott Hotel Hong Kong, the event will spotlight the transformative power of AI-based technologies, such as generative artificial intelligence (gen AI), in reshaping workplace dynamics and driving productivity.
‘Think Big – The Power of Future’ Hong Kong event banner
“As we enter a new era of work, employers and employees alike share optimism for the diverse use of AI at the workplace, signaling the immense potential of AI-powered solutions to transform workplaces in Hong Kong and beyond. Businesses now eagerly seek to harness the power of emerging technologies and find new ways to capitalise on innovations for productivity, making events such as ‘Think Big’ increasingly crucial. With ‘Think Big’ and Canon’s innovative business solutions, we aim to empower businesses to harness AI’s full potential, maximising productivity and operational efficiencies,” said Norihiro Katagiri, Senior Vice President, Canon Singapore.
Redefining the Future of Hong Kong’s Workplaces with AI
As Hong Kong enterprises rapidly adopt AI across various facets of their operations, the potential for AI-based technologies and solutions to revolutionise the modern workplace is immense. According to a recent survey by the Hong Kong Productivity Council Digital Transformation (HKPC Digital Transformation), the prevalence of AI in business operations is expected to surge by 20% in 2024. ‘Think Big – The Power of Future’ aims to address this burgeoning transformation in Hong Kong, offering attendees invaluable insights into AI’s capabilities in improving processes and overall productivity through a series of thought-provoking seminars.
Esteemed speakers from key trade associations and industry experts will discuss the impact of AI on businesses and delve into the versatile applications of AI-powered solutions in data processing, contract lifecycle management, and industry-specific workflows. Beyond the seminars, Canon will also host a ‘Technology Zone’ to showcase various innovative AI and large language model (LLM) solutions designed to address issues faced by business leaders today. Attendees will gain hands-on experience and witness how these cutting-edge solutions can enhance productivity and operational efficiencies across verticals such as food & beverage, banking & finance, legal, healthcare and information technology.
Harnessing AI-powered Solutions to Catalyse a Smarter Era of Work
In line with Hong Kong’s commitment to becoming an AI hub, a majority of employers, as highlighted in PWC’s Hong Kong Workforce Hopes & Fears Survey 2023, believe in AI’s capabilities to enhance workplace productivity.
“Enterprises in Hong Kong are looking to build smarter workplaces by adopting advanced technologies such as AI. Our conversations with business leaders reveal a growing interest in leveraging AI to further streamline digital workflows, and Canon Hong Kong is committed to equipping businesses with the knowledge and solutions necessary to navigate challenges and trends impacting their operations, enabling them to remain adaptable and future-ready,” said Kazuhiro Ozawa, President and CEO, Canon Hong Kong.
Interested participants can register for ‘Think Big – The Power of Future’ here on its official website and discover how AI is revolutionising the workplace today.
Canon Singapore Pte. Ltd.
Canon is a global leader in photographic and digital imaging solutions. Canon Singapore Pte. Ltd. is the headquarters for South & Southeast Asia driving sales, marketing and service strategies. Besides handling the domestic market, the company covers 22 other countries and regions including subsidiaries in India, Malaysia, Thailand and Vietnam. The parent company Canon Inc. has a global network of more than 300 companies and employs about 169,000 people worldwide. Canon is guided by its kyosei philosophy that focuses on living and working together for the common good.
More information is available at https://asia.canon.
Let’s check the latest BCN and ranking coming straight out from Japan. The ranking is for June 2024, and the most surprising thing is that the ZV-E10 camera scored first and second in the top sales chart. The sales rankings are as follows:
Sony A6400 with dual lens kit [ Amazon.com | B&H Store ]
Panasonic G100 body only [ Amazon.com | B&H Store ]
One fact is for sure: even after the announcement of the Sony ZV-E10 Mark II camera, the Sony ZV-E10 still holds its own place. If you’re on a tight budget and not able to spend on a dedicated PRIME lens after buying the ZV-E10 Mark II, then there is no advantage in having the upgraded camera. You need to invest more in lenses rather than in the body to get proper output. That’s the basic understanding we should all have when buying a new camera.
Canon announced the R5 Mark II camera today. The camera features a 45-megapixel stacked CMOS sensor and a continuous shooting speed of 30 frames per second with the help of an in-body image stabilization (IBIS) sensor. The readout speed of the new R5 Mark II camera has been significantly improved, and now it’s possible to capture almost rolling shutter-free images at up to 30 frames per second.
On the video side, we can record videos up to 8K at 60 frames per second. With a new battery grip specifically designed with cooling vents, you can shoot 8K videos as well as 4K videos until your card runs out.
Advanced and powerful AF system including Eye Control AF
New subject tracking technologies
Video Capabilities:
Custom Picture color profile including Canon Log 2
False Color Wave Form Monitor
4-channel audio with 24-bit LPCM
Pre-recording up to 5 seconds
Record videos up to 8K at 60 frames per second
Accessories:
New, more powerful LP-E6P battery with higher continuous power and two-times the amperage
Optional battery grips:
BG-R20 – For vertical operability
BG-R20EP with Ethernet – Port enables high-speed wired communication
CF-R20EP with Cooling Fan and Ethernet – Cooling fan helps maximize movie performance
Additional Features:
Enhanced readout speed reducing rolling shutter distortions
Continuous shooting speed of up to 30 frames per second with minimal rolling shutter
DIGIC Accelerator in addition to the DIGIC X processor for deep learning processing and next-gen AF system, Dual Pixel Intelligent AF
Dual Pixel Intelligent AF supports body, joint, and head area estimation and focus on people other than the main subject
Price and Availability:
Available in August 2024
Estimated retail price: $4,299.00 (body only)
Camera kit with RF24-105mm F4 L IS USM lens: $5,399.00
Canon R5 Mark II Press Release
Canon Officially Launches The New EOS R1 And EOS R5 MARK II Full-Frame Mirrorless Cameras
MELVILLE, N.Y., – July 17, 2024 — Canon U.S.A., Inc., a leader in digital imaging solutions, today launched two new professional full-frame mirrorless cameras, the EOS R1 and EOS R5 Mark II. The EOS R1 camera is designed for both professional still photographers and video creators in a wide range of fields including sports, news reporting and high-end video production. The EOS R5 Mark II camera features improved video focused features for the advanced creators and real-time multi recognition tracking system for those who focus on still photography.
Canon EOS R1 Camera is “Ahead of the Game”
Canon’s EOS 1-series legacy continues with the unveiling of the flagship EOS R1 camera. This high-performance, reliable, and weather-resistance camera is designed for professionals in the photojournalism, sports and wildlife fields. Key features of the EOS R1 camera include:
Back-illuminated stacked 24.2 megapixel full-frame sensor and new processing system for extremely fast reading
“Cross-type AF” imaging sensor for more positive focus on subjects with linear detail
Strong video capabilities, up to 4K (also 6K RAW video options)
Canon EOS R5 Mark II Camera helps users “Master the Moment”
For the professional who demands high-quality still and video output, the EOS R5 Mark II camera is ready to deliver. Designed with performance and image quality at its core, the EOS R5 Mark II camera offers the fundamental elements in one package for sports/wildlife photographers, journalists/producers, video producers and visual creators. Key features of the EOS R5 Mark II camera include:
Back-illuminated stacked 45 megapixel full-frame sensor and new processing system for extremely fast reading
When compared to previous EOS R camera models, more advanced and powerful AF system including Eye Control AF and new subject tracking technologies
Cinema EOS video features such as:
Custom Picture color profile including Canon Log 2
False Color Wave Form Monitor
4CH Audio with 24bit LPCM
Pre-recording up to 5 seconds
Accessories for the EOS R5 Mark II camera were designed thoughtfully with the end-user in mind. There is a new, more powerful battery. The LP-E6P battery, when compared to previous battery versions, features higher continuous power and two-times the amperage. Optional battery grips were also thoughtfully designed, and there are three options:
BG-R20– For vertical operability
BG-R20EP with Ethernet – Port enables high-speed wired communication
CF-R20EP with Cooling Fan and Ethernet – Cooling fan helps maximize movie performance
Both cameras feature the new DIGIC Accelerator, which is an addition to the DIGIC X processor. The DIGIC Accelerator assists with deep learning processing which helps to quickly analyze large volumes of data and supports the next-gen AF system, Dual Pixel Intelligent AF. Dual Pixel Intelligent AF is based on Accelerated Capture and deep learning, allowing end-users to experience tracking advancements, such as body, joint and head area estimation and focus on people other than the main subject.
Price and Availability
The Canon EOS R1 camera is expected to be available in the Fall of 2024, for an estimated retail price of $6,299.00*. The Canon EOS R5 Mark II camera is expected to be available in August 2024, for an estimated retail price of $4,299.00* for the camera body only. The EOS R5 Mark II camera kit, which will include the RF24-105mm F4 L IS USM lens, will have an estimated retail price of $5,399.00*. For more information, please visit www.usa.canon.com.
*Specifications, availability and prices are subject to change without notice. Actual prices are set by individual dealers and may vary.
The next wave of action cameras is coming, and GoPro’s upcoming new model MAX 2 has been leaked. It looks similar to Insta 360, but GoPro also wants to enter into modular cameras. Let’s hope for the best will update you as soon as we get it.
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