jkoch2: If one compares the 2014 operating profits, relative to sales, of the imaging segments of Canon (14.5%), Nikon (4.8%), Sony (11.3%), Oly (-8.3), or Fuji (6.3%), Canon is still king of the shrinking hill. Canon can't make the world buy more cameras, but it will stay in business so long as it outperforms its competitors where it counts. If not the smartest camera company, then certainly the least dumb. Canon's edamame-counters are doing something right!
Canon missed forecasts by a mile, not just be a few cents per share. Investor pressure will force Canon management to grow the profitable part of the business (printers and business machines) while reducing expenses in the shrinking part of the business (imaging). It's not enough to simply turn a profit. A growth company needs to meet or exceed expectations and demonstrate it can grow margins in order to attract and retain investors.
Donnie G: No surprises here. Despite a market wide overall decline in camera sales that shows no signs of ending anytime soon, Canon profits while the competition starves. Canon's marketshare remains unchanged while its competitors can only manage to take marketshare away from each other. How is that possible? While the competition cuts each others' throats by slashing prices on their products to fire sale levels in a vain attempt to increase sales volumes in this constantly shrinking market, Canon has chosen to do the opposite, which is sell fewer ILC cameras at higher profit margins that reflect today's market realities, and sell more EF lenses. Canon rightly recognizes that their EF lens mount and EF lenses are much more valuable commodities than anybody's camera body. After all, even the competition depends on Canon lenses for sales success. I might buy a new camera body every 6 to 10 years, but I buy, trade, and rent lenses all the time. Which lenses? Canon EF lenses. :)
*my sales and margins comments pertain to the imaging division
Wow Donnie, you interpreted this news in an interesting way. Canon missed its forecast, sales and margins were down, and you think the news is good. Lol
Sad Joe: A mixed picture for Canon but profits are UP even when overall sales numbers are DOWN - the key to good business even in a changing marketplace. For all those who demand Canon do 'better' learn the lesson - Canon are making still MORE money from cameras and are still Number One compare that to their main rival Nikon - a series of great cameras pushing ahead at break neck speed but very poor QC and lots of problems. I still think that BOTH brands will end up as PHOTO APPS on some future device....
Canon is singular ...
It's quite interesting that SO many digital cameras have issues. I am not sure there is any other tech sector that sees so many defective products come to market.
So much negativity in the photographic community ...
Jim Evidon: I sent my Leica M9 into Leica for an M9P upgrade and was informed by Leica that they were replacing the sensor as well. My sensor displayed the "white spot phenomenon". But so did my old Nikon D70s. Leica refers to it as corrosion. I have read that it is a problem with the cover glass made by Schott.
Leica picked up this problem and are replacing sensors at no cost to the customers; a very expensive courtesy to the company that few other camera companies would do.
Leica has issued a notice to their customers to avoid chemical cleaning their M9 sensors, but send their M9 into Leica for a cleaning at no charge. I assume that dust removal by the owner is still OK. I use an Arctic Butterfly.
As for Leica,I know of no other camera company with the possibly exception of Fuji that pays such close attention to customer issues and satisfaction. With a company like Leica, I expect to get many years service out of my M9P and know that Leica will stand behind it. Bravo!!
I don't think they are extending a courtesy. If they did not offer these replacements, they would damage their reputation for quality and possibly be open to litigation.
Pros: Low Cost
Isn't this the most expensive APS-C DSLR on the market? lol
riveredger: Observation: film guys really are full of themselves.
Photography is not that hard (the technical side - composition and subject matter is another story!). I think that's what bothers a lot of the folks who learned on film. They had to work harder to get the same results that the masses can get now with digital. They had to spend hours upon hours trying to learn the technical side of using a camera and then developing film to see their results. Digital has made it much easier for folks to learn photography. For some reason, it appears to bother them that newbies now no longer have to endure some sort of rite of passage to learn the mystique of taking pictures.
Observation: film guys really are full of themselves.
BJN: I will get one of these and be very, very careful with it. Sweet but delicate cameras.
Who said anything about throwing around gear?
straylightrun: " Of course the origin of A and E mounts might seem different from a customer’s point of view, but they are fully compatible with one another using adapters."
Incorrect. The E-Mount system is not 100% compatible with Sony's own line of flashes, as the AF assist lamp on the flash is incompatible with adapted a-mount lenses or even native e-mount lenses.
The mounts are compatible, as he stated. You have changed the meaning of his statement to support your position.
ouch ... good info. Surprising.
spontaneousservices: so why do some people actually prefer a camera without flip screen? Don't they appreciate the extra possibilities?
@ Peter Bendheim - have you ever tried to take a photograph from an awkward position? Try shooting a macro from underneath a flower, for example, and you will see that there is a great benefit to a moveable LCD screen.
It's made of mag alloy so it can take a bit of a beating :-)
Oh, the whining ...!
Sad Joe: Well, during the past 2 weeks I have purchased 2x ESO-M kits complete with FOC EOS lens adapters. These are already being used to shoot PRO videos - and frankly their brilliant - so much better than I had expected. The EOS -M2 - well its a move forward and I'm pleased that the new version hasn't trashed mine - I fully expect Canon to bring out a higher spec version based upon the 70D during 2014. Stand by for the M bashers to record their opinions of where Canon went wrong with their M2 and how its the end for Canon…such nonsense.
Truth is, all of the latest cameras can produce excellent quality photos (and many can produce great video as well). It's a good time for all of us.
Frank_BR: According to legend, the acronym EOS was created by Canon to represent the Goddess of Dawn. However, the market failure of the EOS M suggests that EOS stands now for End Of Success…
It seems Canon is starting to lose its commercial magic
The same company whose stock is down 16.8% YTD? The same one whose earnings growth is -7% year over year?
3 lenses ... and they say Sony's e-mount lens line up is lacking lol (and yes, both can use adapters)
raztec: I think nearly 1500 posts and counting just doesn't quite tell Nikon how we really feel.
If you take out the hundreds of comments from the bickering among Henry, Marike and Plastek then you will get a more realistic idea of the number of posts. Just sayin' :-)