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Nikon to Focus More on Video - More Confirmation

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.

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source – nr.com

CIPA Global Camera Sales Report | Jan - March 2020

We now have the global camera selling stats from CIPA. As you can see a sharp decline in the demand for interchangeable Lens camera demand worldwide. Due to the Pandemic, people nowadays are spending less on Camera and Smartphones The Crisis just started yet,  after the next few month’s we may face a global economic recession which may impact the sales of the Camera industry more badly.

Update on Camera Makers financial results

Olympus
The Company will postpone the announcement of the fiscal year ended March 2020, which was scheduled for early May, to May 29th

Nikon decided to postpone their financial result publication
NIKON CORPORATION (hereinafter “the Company”) has decided to postpone the announcement of its financial results for the fiscal year ended March 31, 2020,

http://thenewcamera.com/canon-profit-down-to-80-q1-2020-financial-report/

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Olympus Will Eliminate its V Series of Compact Cameras

Due to very less demand of entry level compact camera Olympus will shut down the production of its V series of compact camera according to Wall Street Journal, the V Series is also know as under $200 series camera, today smartphones features better image quality, creative apps and image sharing technology compared to the low-end compact available in the market.

Olympus will concentrate on its mirrorless segment according to the company, After selling 5.1 million digital cameras in the last fiscal year, Olympus plans to sell only 2.7 million this fiscal year.

Other camera makers are also struggling ?
Canon faced a 34% decline in net profit for the first quarter , “Low-end compact cameras that don’t have obvious features that stand out will be eventually wiped out of the market,” Canon Managing Director Hideki Ozawa Said during an interview to WSJ.

See Olympus V series camera at Amazon

source – wsj.com