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Firmware Update

Canon R1X is Under Development

The latest set of rumors we have suggests that Canon is working on a high-resolution monster camera. Undoubtedly, the Canon R1 is not the flagship camera we should consider competing against the Nikon Z9 and the Sony Alpha A1. These words come from someone who knows what’s happening inside Canon.

It seems like a damage control act. People who were waiting for a perfect Nikon Z9 and Sony Alpha A1 competitor are slightly disappointed. They were expecting a higher-end flagship camera but instead got what feels like an R3 Mark II camera inside the Canon R1 body. Most of them were hugely disappointed and opted to buy the Canon R5 Mark II, which seems to be a more suitable option compared to the Canon R1, the so-called flagship from Canon.

Now, information is coming out from various sources that the new technical advisory team is actively working to create a true competitor to the existing flagship cameras. The name being suggested right now is the Canon R1 X, which is set to be a higher-resolution monster.

They are testing multiple high-resolution sensors that could create a significant impact and a big difference between the existing flagship cameras and the upcoming Canon R1 X camera. According to insiders, they are considering up to 80 MP resolution with 8K videography capability. While it is still under development, you can expect a range of resolutions somewhere between 50 to 80 MP for the upcoming camera.

The development announcement of the camera is expected sometime in June or July 2025, which is the earliest we are expecting right now if everything goes as per schedule.

We will post an update as soon as we get any information related to the upcoming Canon cameras and lenses.

Also, see – Best Canon Camera For Wildlife Photography 2024

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Canon R7 Mark II Latest Rumors

According to the latest information, Canon is planning to launch the Canon R7 Mark II camera.The sources mentioned “Canon R7 Mk II is about to enter the production pipeline”, that means if the rumor is true then we will have a Canon R7 Mark II camera on or before Feb 2025.


We do not have much information about the camera right now regarding its specs, but we do have a list of expectations that

Canon R7 Mark II Specification [Expectations ]

  • 32.5MP Stacked APS-C CMOS Sensor
  • Dual Pixel CMOS AF II
  • 4K 120p 10-Bit Video, HDR-PQ & C-Log 3
  • External 6K ProRes RAW Recording
  • 40 fps E. Shutter, 15 fps Mech. Shutter
  • Sensor-Shift 5-Axis Image Stabilization
  • 3.69 m-Dot OLED EVF
  • 1.6m-Dot Vari-Angle Touchscreen LCD
  • Sensor-Shift 5-Axis Image Stabilization
  • Dual UHS-II Memory Card Slots
  • Multi-Function Shoe, Wi-Fi and Bluetooth

So this is not the first time we have published this information. Just a while ago, on April 29, 2024, we announced the entire schedule of Canon’s latest mirrorless cameras. Among these, the Canon R7 and R10 in the APS-C category are the cameras waiting for an update. Technically, we now have some strong information related to the R7 Mark II camera’s arrival. Stay tuned, We will also bring you updates if we get any information related to the R7 Mark II camera or even the R10 Mark II, if possible.

Also, see – Best Canon Camera For Wildlife Photography 2024

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Canon USA Does Layoffs Despite Tax Break: What’s Next?

Canon USA got a huge tax break from the Government of the USA, and this break was given to keep the staff employed. But despite getting a huge tax break from the government, they had a major layoff done by Canon USA of many employees, including the technical advisory team led by Rudi Winston, as well as many others whose names and exact numbers we don’t know. So now the question remains: what will happen next? Since they have done the layoff but also received the tax break, will they have to return the tax break of $7 million to the government?

We don’t know what’s going to happen, but the above information is collected based on several news published by NEWSDAY, which include the following headlines,

December 14, 2023 – Canon could close Melville headquarters if more tax breaks aren’t approved, executive says: [Source]

December 17. 2023 – Canon USA gets another $7 million tax break after threatening to close shop in Melville, NY: [Source]

July 23, 2024 – Canon USA cuts jobs in Melville less than one year after winning more IDA tax breaks: [Source]

July 26, 2024 – Canon USA. could have to repay tax breaks because of job cuts at its Melville headquarters, the letter says: [Source]

July 29, 2024 – Suffolk IDA should claw back Canon’s tax breaks: [Source]

one by one, each headline tells everything very clearly, So we are putting up all those press releases in serial order so you can also get a clear idea of what’s going on with Canon.

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source – PR.com

Canon R6 Mark III Rumored Specification

So, we have already published back in May 2024 that the Canon R6 Mark III is coming with a 24-megapixel stacked CMOS sensor, similar to the one found in the Canon R3 camera. But today, we can confirm this and even more, as we have the full specs of the upcoming R6 Mark III camera via rumor mill. So, take a look at the detailed specifications of the upcoming camera.

Canon R6 Mark III Rumored Specification

  • 24mp (Related to the stacked EOS R3 sensor)
  • Mechanical shutter / Electronic Shutter
  • No mentions of stills FPS
  • Improved DIGIC X, but no DIGIC Accelerator
  • CFexpress & SD UHS-II card slots
  • 4K 120P
  • FullHD 240P
  • Same EVF as the EOS R5 (So no eye-controlled AF)
  • Improved IBIS performance
  • Improved focus sensitivity
  • Slightly heavier body (Nothing you’re likely to notice)
  • Same 3.0″ LCD size (no mention of resolution)
  • No mention of autofocus capabilities

Sources of the rumor mill suggest that the Canon R6 Mark III will be announced in late 2024, we would expect availability to come in early 2025.

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source – CanonRumors.com

 

Small-Rig Expansion kit for Canon R5 Mark II

SmallRig has announced a new Canon EOS R5 Mark II camera expansion kit. Yes, the kit hasn’t been officially released yet, we will post an update as soon as it becomes available for pre-orders. It is reported that the new Canon EOS R5 II camera uses a 45-megapixel stacked sensor, inherits the EOS R3 eye-control autofocus, and significantly improves performance, with 12fps mechanical shutter continuous shooting, 30fps electronic shutter continuous shooting, 179 million pixel in-camera high-resolution synthesis, 5-axis in-body image stabilization, 8.5-stop central and 7.5-stop peripheral coordinated image stabilization, neural network noise reduction, 8K60P RAW/4K60P SRAW/4K120P/FHD240P video recording, CLog2, new automatic white balance that can recognize grass/blue sky/skin/shadows, CF-R20EP cooling grip, new LP-E6P battery, weighing 745g with battery, priced at429999, expected to be released in August.

Canon R5 Mark II Price –

AI Predicts Canon’s Downfall: Report Raises Red Flags!

Okay, we have the Canon Global Sales Report [2023-24 financial year] published in July 2024 by Japan’s Nikki  News Magazine [source], and these are the details we have from that particular report.

The second report is from the previous year [2022-23 financial year], sourced from the website Statistica.com. [source]

Both reports are from reputable sources. Now we have also added a third year of Global sales stats  [2021-22 financial year] to make the entire report more perfect and more accurate 

However, the top 5 and the market share, are shown in the table below: source cameraprism.com

Position Brand Market Share 2021 Market Share 2022 Change
1 Canon 47.9% 46.5% ↓ 1.4%
2 Sony 22.1% 26.1% ↑ 4.0%
3 Nikon 13.7% 11.7% ↓ 2.0%
4 FUJIFILM 5.6% 5.8% ↑ 0.2%
5 Panasonic 4.4% 4.2% ↓ 0.2%

We have asked AI to predict the future sales report based on our existing reports for 2021-22, 22-23 and 2023-24[FY] of the global camera manufacturer market share, take a look at the results we have

We have added Three Years of sales Data to the report, and then this report has been generated

Creating a prediction report for the next 10 years based on the provided market share data from 2021 to 2023 involves identifying trends in the market shares of each company and projecting these trends forward. Here’s a simplified approach to predict the market shares:

  1. Identify the trend for each company: Calculate the average annual change in market share for each company based on the provided data.
  2. Project the trend forward: Apply the average annual change to project the market shares for the next 10 years.

Let’s start by calculating the average annual change for each company from 2021 to 2023:

Calculation of Annual Change

Canon:

  • 2021 to 2022: 46.5% – 47.9% = -1.4%
  • 2022 to 2023: 41.2% – 46.5% = -5.3%
  • Average annual change: (-1.4% + -5.3%) / 2 = -3.35%

Sony:

  • 2021 to 2022: 26.1% – 22.1% = +4.0%
  • 2022 to 2023: 32.1% – 26.1% = +6.0%
  • Average annual change: (+4.0% + +6.0%) / 2 = +5.0%

Nikon:

  • 2021 to 2022: 11.7% – 13.7% = -2.0%
  • 2022 to 2023: 13.2% – 11.7% = +1.5%
  • Average annual change: (-2.0% + +1.5%) / 2 = -0.25%

Fuji:

  • 2021 to 2022: 5.8% – 5.6% = +0.2%
  • 2022 to 2023: 8.1% – 5.8% = +2.3%
  • Average annual change: (+0.2% + +2.3%) / 2 = +1.25%

Panasonic:

  • 2021 to 2022: 4.3% – 4.4% = -0.1%
  • 2022 to 2023: 4.5% – 4.3% = +0.2%
  • Average annual change: (-0.1% + +0.2%) / 2 = +0.05%

Others:

  • 2021 to 2022: 5.6% – 5.5% = +0.1%
  • 2022 to 2023: 5.2% – 5.6% = -0.4%
  • Average annual change: (+0.1% + -0.4%) / 2 = -0.15%

Projections for 2024 to 2033

Following this method, we can project the market shares for the next 10 years. Here is the complete projection:

FINAL RESULT – complete projection BASED on the Sales report

Year Canon Sony Nikon Fuji Panasonic Others
2024 37.85% 37.1% 12.95% 9.35% 4.55% 5.05%
2025 34.50% 42.10% 12.70% 10.60% 4.60% 4.90%
2026 31.15% 47.10% 12.45% 11.85% 4.65% 4.75%
2027 27.80% 52.10% 12.20% 13.10% 4.70% 4.60%
2028 24.45% 57.10% 11.95% 14.35% 4.75% 4.45%
2029 21.10% 62.10% 11.70% 15.60% 4.80% 4.30%
2030 17.75% 67.10% 11.45% 16.85% 4.85% 4.15%
2031 14.40% 72.10% 11.20% 18.10% 4.90% 4.00%
2032 11.05% 77.10% 10.95% 19.35% 4.95% 3.85%
2033 7.70% 82.10% 10.70% 20.60% 5.00% 3.70%

Final Observations | Conclusion and VERDICT

  • If the observed trends continue, Canon’s market share will significantly decrease, reaching Less than 10% by 2033.

PS: even if we use the past three years of the Global sales report, it doesn’t seem Canon is doing any good.

  • Sony’s market share will see a substantial increase, reaching over 80% by 2034.
  • Nikon, Fuji and Panasonic will continue to grow steadily

Note that these predictions are based on a linear trend and real-world factors of the 202-2023 and 2023-2024 global sales report, . Changes in technology, market dynamics, new entrants, and other external factors could influence these trends.

TNC exclusive: Edititors space

This report should not be taken seriously in any context since these are analyses done by AI, the artificial intelligence. At the same time, the details of these analyses are generated based on the past two years of global sales reports, which may fluctuate based on the offers from camera makers to their consumers. For example, if Canon opens their lens mount, we may see a significant increase in the global sales share percentage of Canon cameras as well as their lenses. Similarly, if any other brand like Nikon or Sony introduces a new line of cinema cameras or dedicated cameras for content creators, they may raise their own market share. Therefore, these predictions are not always accurate when based on limited data, especially when there are many factors involved. Consider this report just as a reference.

Canon R1 Press Release | Major Features

We have the Canon R1 flagship camera officially arrived. The camera features a 24-megapixel stacked CMOS sensor and a maximum continuous shooting speed of 40 frames per second. We can see some major upgrades from the Canon R3 camera, but more or less, it doesn’t directly compete against the Nikon Z9 and the Alpha A1.

Instead of naming this camera R1, it’s better to name it Canon R3 Mark II considering the level of updates and the set of specifications we are getting. It’s very similar to the existing R3 camera with a significant upgrade loaded over it.

Overall, it’s an excellent camera for photojournalists as well as sports shooters. But for wildlife photographers, the R5 Mark II is more recommended, as well as for professional wedding, portrait, and fashion photographers, and even for landscape and street style shooters. The R1 camera approach remains limited to photojournalists as well as sports shooters.

Canon R1 Camera Price and Shipping Date

Canon R1 Camera BODY Price – $6299 –  B&H StoreWorldwide Shipping Start from November 2, 2024

Major Features of Canon EOS R1 Camera

  • Sensor and Processing:
    • Back-illuminated stacked 24.2-megapixel full-frame sensor
    • New processing system for extremely fast reading
  • Autofocus:
    • “Cross-type AF” imaging sensor for more positive focus on subjects with linear detail
  • Shooting Speed:
    • Still-image shooting speeds up to 40 frames per second
  • Video Capabilities:
    • Strong video capabilities, including up to 4K and 6K RAW video options
  • Performance Enhancements:
    • Increased readout speed, reducing rolling shutter distortions
  • Design and Durability:

High-performance and reliable weather-resistant build, designed for professionals in photojournalism, sports, and wildlife photographyAdvanced Features:

  • New DIGIC Accelerator, assisting with deep learning processing
  • Supports the next-gen AF system, Dual Pixel Intelligent AF, based on Accelerated Capture and deep learning
  • Tracking advancements, such as body, joint, and head area estimation and focus on people other than the main subject

Canon R1 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
  • Increased read-out speed, reducing “rolling shutter” distortions
  • Still-image shooting speeds up to 40fps
  • “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