The strong Yen has resulted in a fifth consecutive quarter of falling sales income for Canon's camera division, compared to the same period in previous years. Despite this, the company's operating profit and profit margin increased, prompting the company to improve its forecast for the next quarter. Total sales for the division fell 8.3% to ¥229 bn ($2,545m) once currency effects have been taken into account, though they actually grew 6.2% in the currencies they were sold in. This is despite recent product price rises aimed at mitigating the effects of the strong Yen.
'Despite the decrease in sales,' the company said: 'third-quarter operating profit for the sector increased by 5.5% to ¥47.6 billion (U.S.$529 million), owing to the increased sales ratio of high-value-added products and the positive effects of cuts in operating expenses.' Although it also says it expects the Yen to strengthen further against the US Dollar, the company's camera division increased its whole-year forecasts for both sales and operating profit. 'The company's fundamentals are improved - the mid range and high-end DSLR sales have started to pick up. Both Nikon and Canon are seeing increases in shipments and profitability,' said Hisashi Moriyama, an equities analyst at J.P. Morgan.
'Within the cameras segment, the high-resolution, competitively priced EOS Digital Rebel T1i (EOS 500D)
and advanced-amateur model EOS 5D Mark II digital SLR cameras continued to enjoy robust sales during
the quarter, contributing to growth in sales volume.' the company said: 'while demand for digital single-lens reflex (SLR) cameras displayed solid growth, demand for compact digital cameras remained sluggish amid continued price declines.'
Although Canon's compact camera business isn't showing signs of bouncing back (and the sector isn't nearly as profitable as the DSLR segment), Moriyama said he can't imagine any of the major makers abandoning the area: 'From a profitability point of view DSLR business would be much better - there are only five or six companies and the competitive conditions are not so tough and DSLR is still less than 10% of the market sales and it has a lot of lens assets. Most companies use compact cameras to expand their brand name into other markets around the world.' But compact cameras can be much more volatile: 'Casio or Olympus used to have big positive profit or negative profit. If management and investors want to see constant camera growth it would make sense to have a not so big compact camera business.'
Although he is impressed with Micro Four Thirds, he does not expect Canon to enter the area yet: 'I agree with what Olympus and Panasonic are doing in the digital single lens [non-reflex] market. Using a sensor smaller than in DSLRs they can make a product that is smaller and a different design that is more attractive to people including young customers and ladies who would not buy a DSLR. At the same time, I don't think it can compete with mid-range DSLRs. The sensitivity and autofocus speed is not as good as mid-range and high-end DSLR and the smaller sensor means it is unlikely to be taken up by mid-range, high amateur and professional photographers.' Instead he thinks mirrorless systems will compete with entry-level DSLRs, an area both Nikon and Canon are strong in - 'I think maybe Canon and Nikon will not get involved yet.' Instead he thinks it's an area that will initially be contested by consumer electronics companies such as Samsung, Sony and Panasonic 'They are digital consumer brands they don't have the same investment in lens or optical technologies such as steppers [industrial optical devices used in the manufacture of silicon chips], they need to make a different type of camera compared to the traditional camera brands. However, they have the technology to produce key components such as electronic viewfinders and that will be the way for them to gain market share.'
Despite the inroads being made by Sony in the European and North American markets, does not think Canon need be too worried. 'Right now Canon's DLSR business has sales of around 75bn with profitability of 21% whereas Sony's profit level is not so high. There are really two types of consumer for DSLR, the entry level and the mid-to-high end buyer. The entry level sells for $300-$500 while the mid-range will cost anything from $1500-$6000 and profitability is very big. Canon and Nikon are in a much better position in that market. Even though Sony bought Konica Minolta, they are having difficulty improving market share. Their production costs and product releasing speed is still has room for improvement.'
Oct 23, 2012
Oct 18, 2012
Oct 10, 2012
Sep 21, 2012
|Rocks at Dawn by phucthang|
from The Rock
|Sarlat, France by poppyjk|
from Your City - Dinertime!
|Double Eagle by herbymel|
|Great White Egret vs Lizard by jose garcia|
from Strong - Weak
Fujifilm recently unveiled the second in its series of affordable cine lenses, the MK50-135mm T2.9. We got our hands on it for a couple days and took it for a spin.
Leica's first attempt at an M-series digital rangefinder was rough around the edges, but set a pattern for all of the cameras that came after it. In this week's Throwback Thursday, Barney remembers the M8.
No stranger to extreme situations, legendary climber and filmmaker Jimmy Chin talks to Outside Magazine about his career, and the challenge of filming Alex Honnold's rope-free solo climb of El Capitain.
A company backed by Android co-founder Andy Rubin is attempting to make video conferencing less terrible.
Rangefinder magazine asked five professional portrait and wedding photographers about posting on Instagram; no surprise, they got five different answers.
This captivating stop motion film was created by stripping away one layer of wood at a time. It's hard to look away.
It will enable users to simulate the presence of the sun, moon and Milky Way and see how they interact with an area's topography.
Since its introduction in November last year Instagram's live streaming feature has been used by millions, but videos could not be archived for watching at a later stage. A new update has now added the capability.
CopyTrack's study also found that the second most-stolen image is a woman wearing painted jeans. That's apparently a thing.
Forget expensive lenses with fancy coatings and special lens elements – photographer Robin de Puy took these portraits using just a water drop for a lens.
Adobe reports a record quarterly revenue of $1.77 billion for the second quarter fiscal year 2017 ended June 2, 2017.
Zeiss says its new lens is particularly suited for portrait photography but also a good all-rounder and can be used in video applications.
We present to you the top photos from the Kennel Club's 2017 Dog Photographer of the Year photo contest – take a look at 10 of the award-winning puppers.
In case you were looking for any more inspiration to go fly one.
Following a couple of successful Kickstarter campaigns, Videre 35mm's creator has re-tooled the camera with sturdier components and a simpler user assembly process.
The two hour long video covers everything an aspiring drone pilot needs to know.
This is what happens when a Canon 17-85mm F4-5.6 lens meets 60,000 PSI of water pressure. Spoiler Alert: the water jet always wins.
Andrew Harnik discusses the challenges – and rewarding moments – of a career making images for the Associated Press in his native DC.
The VMic Pro, VMic Recorder and VMic microphones are targeted at DSLR users who want to record high-quality audio.
While our full OnePlus 5 review is underway, we've put together a sample gallery with images that were taken with both the wide-angle and tele lens in a variety of lighting situations.
The OnePlus 5 main camera comes with a 1/2.8" 16MP Sony IMX 398 sensor and a fast F1.7 aperture. It is supported by a 2x tele-module featuring a 20MP 1/2.8" Sony IMX 350 sensor and F2.6 aperture.
In this video, Vincent Laforet explains why the RED 8K Weapon camera has mostly replaced his still cameras, and it's not all about resolution.
Dupe, Dupe Negative is not a pop song, and Newton's Rings are not NASA's next destination. If you've ever wondered what all that film terminology means, Kodak has you covered.
Fujifilm's X-A3 is the company's only offering to use a new 24MP sensor without their trademark X-Trans color filter array. We've had it out and about with a variety of lenses to see how it compares.
If you thought Nikon had the market cornered on expensive commemorative products, we've got news for you.
The simple drag-and-drop web app reveals the Lightroom edits applied to any JPEG, along with its associated EXIF data, provided that metadata is intact.
Danish photographers Ulrik Hasemann and Mathias Svold spent time documenting the 75,000 refugees currently in Serbia's capitol city. Most are young men from conflict zones in Pakistan and Afghanistan.
It takes a highly-skilled drone operator to execute a video like this in one take.
According to a report by Nikkei Ricoh is facing its biggest crisis ever and will have to cut costs in order to survive.
Air Koryo started flying in 1952, and much of its current fleet still dates from the 1960s. Danish commercial photographer Arthur Mebius has taken 24 flights on some of its oldest airplanes, so you don't have to.