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!
jkoch2: Canon is doing exactly what it should: pare back P&S production and costs and stick to its knitting in the DSLR world. It will roll out fewer, and more modest changes. The market will shrink, but Canon will retain a strategic share of that smaller market. Sales and earnings will diminish. Reward shareholders with greater dividends or buy back stock. This will rebalance the return on equity to a competitive ratio.
The worst thing Canon could do is try to make a DSLR into a smart phone. Won't work. Easier to make an elephant fly.
"Make the perfect camera" is not possible either, since that just may turn out to be what people find in their smart phones.
Plenty of daring innovations have already been launched by others. The NX1, CM1, a7s, OMD, and even the Lytro are admirable in their own ways, but none earn their makers heaps of dough.
Sometimes the best thing to do is avoiding the dumb. Do what you do well, not what you don't. Oh, and printers are doing OK.
Canon's imaging segment reported Y58b operating profit on Y401b sales, for the December quarter. Sony reported Y20b operating profits on Y178b for the Sept quarter. The margin was 14.5% for the both the quarter and the whole year. That's better than Nikon's 4.8% margin or Sony's 11.3% margin for the Sept quarter.
The Squire: Should be reworded:
"Other people making better cameras than us is cited as a big cause for the slowdown in sales..."
Camera-phones have been around a long time now. Can't keep using that excuse. And in the mean time other companies have grown their camera division sales.
SO, what's the real problem Canon?
Canon's imaging segment reported Y58b operating profit on Y401b sales, for the December quarter. Sony reported Y20b operating profits on Y178b for the Sept quarter. The margin was 14.5% for the both the quarter and the whole year. Sony, meanwhile, lost money on cameras in 2013 and the Y20b operating profit for the Sept quarter was only an 11.3% return. Sony is trying to turn around, but the profits aren't yet "healthy."
Canon is doing exactly what it should: pare back P&S production and costs and stick to its knitting in the DSLR world. It will roll out fewer, and more modest changes. The market will shrink, but Canon will retain a strategic share of that smaller market. Sales and earnings will diminish. Reward shareholders with greater dividends or buy back stock. This will rebalance the return on equity to a competitive ratio.
volks 1: Camera manufactures need to take " Sales and Marketing 101" Make your customers life simpler, not more difficult.
A D5iii, D850, or A7 exist for the sake of being difficult. To make them "convenient" would mean making them like phones, which is tantamount to extinction.
PhotoKhan: Curios this article does not mention lenses.
Cameras are becoming the "printers" in the photography business, when correlated with the printers/ink business model. Under that very same model, lenses are the "ink".
Canon EF lenses sales have sustained an almost logarithmic growth in the last 10-15 years.
Don't worry. Canon is fine and soon we'll be having extremely advanced DSLRs and mirrorless at heavily discounted prices.
Discounted ink might be attractive.
chriscotec: A solid mirrorless system is probably vital for a manufacturer to stay at the top now. I'm afraid Canon and Nikon have been shuffled from the top to the bottom of the pack. It is difficult for them, as they are both heavily committed to their ageing DSLR systems. The lens systems they have will work on mirrorless bodies but they are not optimally designed for it. The allowance for the mirror depth makes the lenses creates optical challenges that just aren't there for dedicated mirrors lenses. The whole setup is much bigger than it needs to be. The'll work for now though. I work with a large Canon system, built up over many years but I am using my Panasonics on all video and more and more still shoots because of the performance to size ratio.
Canon hasn't released a significant pro camera for ages. If the next isn't a mirrors one, I think they can expect a much bigger sales drop. Nikon too.
No mirrorless will beat the iPhone or Galaxy at selfies, what people crave most, after a good phone.
Potemkin_Photo: That's what they get for not putting EVFs in their cams.
Cams or phones?
Peiasdf: #8 is animal abuse. Why am I not surprised it is Spain.
Really love #2. Lots of LOTR style.
#5, 6 & 7 are just weird. Too much PP?
JABB66: ¿cojones o huevos? Ser cojo es faltar patas o siquiera más. ¿Ser caballo descabellado no corre riesgo de que sea burra?
forpetessake: The problem with those pictures is that they look staged, heavily processed -- everything intended to manipulation the reaction of a viewer. As a result a viewer has zero trust that anything displayed is close to reality.
What photograph is ever "reality"? Death and taxes are reality. The former is over-rated. The photographic portrayal of taxes awaits its Rembrandt.
srados: Love the US special forces in pic #3.Well dressed in bullet proof vests...Last 3 street photos utter rubbish! I dunno why they are there, what criteria was used?
Ukrainian troops. One of the flags resembles Finland's. Nokia phones on sale? The tires may be imports. The Ukrainian separatists' flag resembles that used temporarily in certain US states, misguidedly, between 1861 and 1864.
Drama: No viewfinder = defect camera
What good is a viewfinder for selfies? Arent' 90% of pictures selfies? The other 10% were defective because someone tried to shoot a selfie with the viewfinder and could capture only their foot.
schorscho: Panasonic has a very smart product philosophy: make three cameras which uses over 90% of the same assembly parts but target different markets with each of it. Kudos to them even if I personally prefer the GM5!
Not so smart, unless the G, GF, GX, GM, and GH series also use the same assemply facilities and don't simply cannibalize each others sales. Would Panasonic's gross m4/3 sales be any lower if they marketed the G series only, or perhaps the GH too at twice the price?
Samuel Dilworth: Amazing: just after adding a GPS receiver to this class of cameras (in the D5300) Nikon now removes it. What is going on?
Surely geotagging is worth more than the next three dozen gizmos no-one asked for? Taking photos of our lives is no longer the problem; organising and using those photos is the problem, and for that we need better metadata. Geotags and time-stamps are a good start. To me, GPS is far more valuable than Wi-Fi.
Otherwise, this camera shows off several interesting new design ideas. Small steps but probably important ones, since SLRs increasingly look and feel low quality compared to mirrorless cameras.
Whatever the direct power needs of GPS, the camera must be "on" for it to work, which also entails power used by other functions on stand-by. GPS can be slow to lock in from a cold start and may give unreliable or stale readings. If people need GPS to remember where they shot something, or as if the lat-long ciphers are a photos primary distinctions, that's a bit lame.
Canon choses to "jump the gun" about its 2015 consumer models before the CES curtain rose. However, unless I'm mistaken, they all look like 2012 or 2009 models with perhaps a tad more zoom, or maybe some WiFi or effect modes. Wouldn't Canon have garnered more credibility by first announcing its 2015 high end products?
Will a hand-held SX530 HS phoyo at 1000mm be anything you can frame or see? I can't imagine the 1000mm video will be "easy" to shoot. Maybe Canon is taking it's "think impossible" slogan too seriously.
A fine FF camera. State-of-the art, too, for at least the next six months. Had Nikon engineered the D750 to shoot 4k video from a cropped area of the sensor, plust IBIS, it might have qualified for a 12-month reign, at least.
Po' folk with a stake in both stills and video can't upgrade very often. 4k is s superior tool, even for 1080p video, and anyone who tastes it is reluctant to consider the limits of 1080p for capture, any more than a still photographer would accept only 2mp resolution.
Perhaps Nikon will offer 4k first in its 1" V/J series, to test interest, before deploying it in the FF models, whose disciples include a stodgy cadre of "bah-humbug" videophobes.
Gesture: Nikon doesn't have to sell the most cameras in the world, just be profitable with what it does best.
Where have you seen Leica's financial reports? SFAIK, none of the four private companies that share the name post results for public perusal.
arc1791: I just don't understand how any successful video camera manufacturer would choose to presume that consumers (which drive all professional content, after all) don't want 4K everything, especially after seeing for over a half-decade just how crappy their old SD resolution video (of any level of quality) looks compared to1080p.
Don't they realize that 4K displays have been on sale all year long, and that as costs come down, adoption will only hasten? Most Americans, for example, will have at least one 4K display, be it a TV, computer display, smartphone screen, etc. That's going to happen within a year or so. Don't video content creators want to keep their consumers happy? (1 of 2)
4k is a superior tool for producing 1080p video. The downsampled results look better, and one can crop and pan 4k video without IQ loss when viewed as 1080p. No need to await 4k displays. All still cameras offer resolution above 4k display capacity already.
Panasonic, Samsung, and smart phones are getting on board with 4k. Sony is half-way there too. Canon or Nikon? Either drain the wallet or wait until 2017.
makofoto: Forgot to ask him about the Sony A7S. It would be amazing to see what he could do with it!
None of the images posted have resolution over 1000x667. Unless one crops the heavens, or makes prints of astronomic size, 12 megapixels should be more than enough.
photo_rb: I have been looking at the rules and I cannot find any reference to photo manipulation being disallowed. Can we assume this is an "anything goes" contest?
Also Rule #4.1.3 says not to put any identifying information in the photos. Does that mean in the visual content or does it mean not to put anything in the metadata either?
Thanks for any replies!
Perhaps Rule #4.1.3 means that the magicians need not divulge their tricks. I doubt any rule against "manipulation" could be easily defined or enforced. The balloon shot probably depicts Namibia, but the time of day, composition, cropping, lens choice, shutter speed, ISO, or PS retouching (layers, saturation, etc) all involve human selection or operation of some sort. Academy Awards and Nobel Prizes seldom go to works that don't exude at least a big dallop of fiction or special effects. Even the sciences model, rather than depict, reality.