Nikon keeps diggin a deeper hole

Started Aug 9, 2012 | Discussions thread
Senior MemberPosts: 1,297
Nikon 1 / Financial
In reply to AngryCorgi, Aug 10, 2012

Nikon's earnings took a 50% drop last quarter because of this failed foray into a new system that Nikon is keeping as low-end as possible.

No, the Nikon 1 is not responsible for Nikon's financial problems. Among other things, Nikon is a huge company with many products, and Nikon 1 is a single product line. In the imaging sector, Nikon has the same problem as other camera companies - smartphones are cutting into the sales of low-end compact cameras.

From Nikon's latest quarterly report:

"During the three months ended June 30, 2012, markets in both the Precision Equipment Business and the Instruments Business were affected by restraint in capital investment. In the Imaging Products Business, although the compact digital camera market shrank, the interchangeable lens type digital camera market continued to expand."

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