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By admin, on July 26th, 2024
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.
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source – global.canon/en/ir/
By admin, on July 24th, 2024
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
By admin, on July 17th, 2024
So finally, we have the leaked images of the Canon R5 Mark II camera. The announcement is about to happen today, and from the look, the R5 II camera looks very, very impressive. At the same time, we also have a new battery grip with cooling vents above. Unfortunately, this new battery grip is NOT compatible with the existing R6 Mark II camera. This also confirms that we will soon have the R6 Mark III camera. So, fingers are crossed now, and we are waiting for the R5 II.
We also have the leaked image of the Canon R1 camera back, all these images are coming from the rumor mill.
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source – CR.com
By admin, on July 16th, 2024
Recently, Canon USA laid off Rudy, a key figure and the face of Canon USA in most announcements over the past few years as well as he was also Canon’s Technical advisor. This layoff is part is not only limited to Rudy, Canon has let go of multiple staff members. The question arises: why has this happened and what was the actual reason behind that ?
Decline in Operating Profit
It was kind of a backfire. Canon suddenly saw a loss of approximately 5% in operating profit compared to the previous year. This is the first time in four years that the profit declined compared to the same period the previous year. What was more devastating is that camera sales dropped for the first time in 2024 in the past 13 years. For Canon, their operating profit was on a downhill path.
what was the actual reason behind that ?
The main issue lies with the Canon policies that they adopted after 2018 during the mirrorless transition. Users were kept waiting for them to open their mount. Some were using the previous DSLR lenses with the help of an adapter, but more or less, by 2023 and 2024, consumers felt that Canon had no intention to open their mount freely to third-party lens makers. This led to great disappointment among them, and now they have started losing their consumer base and loyal customers.
What It Means
So, the 5% decline in operating profit is just the beginning. If Canon fails to provide an open lens mount to its consumer base, its profit will continue on a downhill path. Layoffs, whether of Rudy or anyone else in their camera division, are not the solution. The most important requirement at this time is for Canon to adapt its policies to meet consumer expectations and regain their trust.
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By admin, on July 15th, 2024
Canon officially announced a new product launch event on July 17th, which is expected to release two new cameras: EOS R5 Mark II and EOS R1. Please look at the set of leaked specifications we have for the upcoming cameras.
Canon R5 Mark II specifications
- 45-megapixel full-frame image sensor,
- The newly designed electronic viewfinder,
- Up to 12 frames per second mechanical shutter continuous shooting,
- Up to 30 frames per second electronic shutter continuous shooting;
- Eye-control autofocus system from the EOS R3 model;
- Improved heat dissipation in the body, equipped with heat dissipation vents, and supports active heat dissipation fan accessories;
- Up to 8K60P video recording;
- CFB + SD dual card slots.
Canon EOS R1 camera specifications
- 24-megapixel sensor
- QPAF full-pixel four-core autofocus
- Focus tracking performance surpasses EOS R3
- High sensitivity performance surpasses EOS R3
- Eye-control AF second generation
- Dual CFexpress Type B card slots
- Supports CFexpress 4.0 standard
- Full-size HDMI interface
- EOS R1 is larger and thicker than EOS R3
- Expected to be priced at $6,499, approximately ¥46,999.
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By admin, on July 9th, 2024
According to the latest set of rumors from the rumor mill, which is preparing to announce a camera dedicated to content creators, the camera will use the same 26 MP sensor we have seen in Fuji’s previous generation of cameras. With an advanced image processor, the camera can shoot 4K videos at up to 60 frames per second with a 1.17x crop factor, which is almost unnoticeable.
Take a look at the rumored set of a specification for the upcoming camera
- 26.1MP APS-C X-Trans BSI CMOS 4 Sensor
- X-Processor 5 Image Processor
- 6.2K, 60fps open-gate mode
- DCI/UHD 4K at 60 fps [4k 120 fps with crop]
- Dedicated Vlog Mode for Content Creators
- 425-Point Hybrid AF System
- 7-Stop In-Body Image Stabilization
- Frame.io Camera to Cloud Integration
- 20 Film Simulation Modes
- 3.0″ 1.62m-Dot Vari-Angle Touchscreen
- Bluetooth and Wi-Fi Connectivity
- Arrival: On or before Nov 2024
Stay tuned more updates are coming.
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By admin, on July 8th, 2024
Save this link for the Sony ZV-10 Mark II camera pre-order. Once the camera gets its official pre-order, place your order as soon as possible since orders will start on a first-come, first-served basis.
Sony ZV-E10 Mark II Pre-order Page at B&H Store
Coming July 10th – Sony ZV Series
Camera Preorder starts at 10:00am ET, Wed Jul 10
If you don’t like the camera, you can cancel your pre-order at any time, so it’s safe to pre-order on the day of the announcement using our affiliate link.
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