Mirrorless Takes Another Hammering

Started May 17, 2013 | Discussions thread
Richard
Veteran MemberPosts: 4,781
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You need to include quotes so people understand...
In reply to rattymouse, May 17, 2013

rattymouse wrote:

As seen at sansmirror.com, the final numbers are in for mirrorless last year and the results are NOT pretty.

"Olympus blamed an "unexpected degree of compact camera market contraction" on missing their goals, but remember, Nikon made their numbers in compacts and gained market share during that same period."

"Overall, the medical sales continue to drive Olympus. It's their main business, it's profitable, it drives their cash flow, and it is the future of the company. Whereas Nikon has become more and more a camera company (now 75% of their sales), Olympus is going the other way: cameras are becoming less of their sales (currently 14.5%, and projected at 11% in 2017)."

"I should also point out that several analysts mentioned to me the same thing: the Olympus comments on the imaging group seemed like deja vu: it wasn't us, it was the market, and we'll just cut expenses and be okay. That's been a common theme in Olympus' reporting on their imaging business for three years now.

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