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Financial crisis
- Thread starter Klaas1
- Start date
I'm glad film is free on digital.What do you think?
Will the world wide financial crisis slowdown the devellopment of new
camera's?
Our spending power will decrease, so I think we'll use our camera for
a longer time than this moment.
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Bluenose
The flip side of an more affordable D700 is the question what will our disposable income be in the future?
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My disposable income isnt effected by the economy at the moment, but since this global economic recession has come about the aussie dollar has turned to sh*t and dropped 15 cents to below 70 US cents. So it means importing camera gear is no longer a cheaper option for me which will probably stop my purchasing of camera gear for the time being until it corrects itself. Difficult times ahead it would seem...
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... No Regrets ...
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... No Regrets ...
William Faulkner
Senior Member
I think most businesses on the planet are going to be effected by what's going on right now and what will happen in the months to come. We haven't seen the worst of this from what I read. Whether the effects are large or small will of course depend on the type and location of the business. Global businesses such as Nikon could be hit even harder than local businesses since it's the entire freaking world financial markets that are getting hit for all intents and purposes simultaneously. I have no doubt that every CEO, CFO and COO took economics classes which taught that such a financial catastrophe as what is happening right here and now couldn't possibly occur. This is uncharted territory.
Will there be new cameras released in the future from Nikon, et al? Of course. When who knows? The manufacturers look into a crystal ball (Nano coated in Nikon's case no doubt), read the tea leaves and toss the bones. However the decisions are actually made they have to take a tremendous amount of information into account. The world financial health will take up the entire first row of that casting call.
One of the reasons I personally believe Canon took so long in getting the 5D MkII out was that they didn't have to. No challengers why bother? Make addition profits from existing tooling. If manufactures aren't selling cameras do they trot out new ones to stimulate consumers or do they hang in there with what they got because no one is buying anyways? Me thinks we'll see the return of the "s" and "x" designations as Nikon will make incremental improvements (D2X-> D2Xs) as opposed to major changes (D200-> D300). IMHO at least.
The one thing I hope Nikon or any manufacturer doesn't do is cheapen the next generation of cameras to maintain both the price point and profit margin. I'll pay more to get a camera that's built the way a D300/D700 is built, rather than have the D400 slide toward the build features of the D90. Remember that the D100 had rather humble beginnings coming from IIRC the N80. I'd hate to have Nikon reaching to the lower parts bins on the rack just to save a few yen.
Bill F
http://picasaweb.google.com/faulknerstudios
2 trillion lost in 401 K's. China, India, Japan, Russia have lost 40 % of their
stocks worth already. Iceland is going bust.
Just the tip of the iceberg. 840 billion bail out for USA, isn't any where close
to what's needed. TRILLION'S, yes trillions more needed. The 840 billion is
just a feel good move for us. Just like the FDIC insurance protection of $100,000
per account. They don't have it, if it all goes bust. It's called the
sticker theory; they hope you see that sticker on the banks window, and go;
Ok, there's no problem because it's insured. And leave your money put.
Most company's including camera co's. are going to be cutting out their capitol
expenditures. If the lens/camera is already in the pipeline, then they'll push it out.
Economical fiduciary will carpet the markets, past sins being put, paid.
Forced or not, prudence in all things monetary, will start to be exercised.
China really has a Tiger by the tail and it's all that USA housing debt, they invested in. They were the main force that kept Freddie Mac & Fannie May floating.
Of course they had to, so we'd have more money, to buy more of their stuff.
World trade, when wealth is gathered too much one way, it's corrected, by these crashes, which erase, the imbalance, and then we start all over again.
The money has to keep going in a circle, no one has the joy, of keeping it all.
stocks worth already. Iceland is going bust.
Just the tip of the iceberg. 840 billion bail out for USA, isn't any where close
to what's needed. TRILLION'S, yes trillions more needed. The 840 billion is
just a feel good move for us. Just like the FDIC insurance protection of $100,000
per account. They don't have it, if it all goes bust. It's called the
sticker theory; they hope you see that sticker on the banks window, and go;
Ok, there's no problem because it's insured. And leave your money put.
Most company's including camera co's. are going to be cutting out their capitol
expenditures. If the lens/camera is already in the pipeline, then they'll push it out.
Economical fiduciary will carpet the markets, past sins being put, paid.
Forced or not, prudence in all things monetary, will start to be exercised.
China really has a Tiger by the tail and it's all that USA housing debt, they invested in. They were the main force that kept Freddie Mac & Fannie May floating.
Of course they had to, so we'd have more money, to buy more of their stuff.
World trade, when wealth is gathered too much one way, it's corrected, by these crashes, which erase, the imbalance, and then we start all over again.
The money has to keep going in a circle, no one has the joy, of keeping it all.
That was a depressing tirade. But it's the broadcasting from these nattering nabob's of negativity, in the financial sphere's, that has me barking; the sky is falling.
No one wants a Pollyanna now, in these times. So paint it like it is. As the Rolling Stones wrote, "Paint it Black" Black as night, black as coal.
No one wants a Pollyanna now, in these times. So paint it like it is. As the Rolling Stones wrote, "Paint it Black" Black as night, black as coal.
MMuddler
Senior Member
Kaj E
Forum Pro
The Japanese have traditionally a longer view on business than we westerners. What happens depends very much on the financial resources of the camera manufacturers. If they can afford it short term i think that the development will continue at high speed. It is after all a race betwen manufacturers for future sales and market share.
On average, yes. Most consumers will probably watch their spending more cautiously. How much it will affect each of us individually will vary. If you have financial reserves, wise investments and low or no debt it may be a good time to buy as competition gets fiercer and prices and margins drop to keep companies afloat.
Very hard to predict - turbulent times ahead.
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Kind regards
Kaj
http://www.pbase.com/kaj_e
WSSA member
If you have financial reserves, wise investments and low or no debt it may be a good time to buy.
Ya can't eat pixels.
EBay and such are going to be flooded with used deals, as the toys are tossed first.
Ya can't eat pixels.
photonerdcom
Senior Member
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8> )
Suntan
Veteran Member
In hard time like these, it is always comforting to remember there has always been hard times like these.
How many times in the last 30 years has it been prognosticated that the economic world as we know it is coming to a crashing demise?
-Suntan
How many times in the last 30 years has it been prognosticated that the economic world as we know it is coming to a crashing demise?
-Suntan
kungfusion
Senior Member
Overall sales will most likely fall. I would imagine that sales of expensive flagship cameras like the D3 will remain strong, because there are plenty of wealthy people with tremendous assets who will not be hurt by the economy much. Sales of inexpensive equipment will also probably be strong. The midrange (D90s and D300s) will probably suffer.
A lot of hobbyists will sell their lenses. There will be good opportunity to purchase secondhand equipment.
Less people will upgrade, and they will hold onto their equipment longer. Whether Nikon produces new cameras at the same rate or less will probably depend on what Canon does. They will do whatever they have to do to compete.
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http://flickr.com/photos/rcaron/
A lot of hobbyists will sell their lenses. There will be good opportunity to purchase secondhand equipment.
Less people will upgrade, and they will hold onto their equipment longer. Whether Nikon produces new cameras at the same rate or less will probably depend on what Canon does. They will do whatever they have to do to compete.
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http://flickr.com/photos/rcaron/
Spanner
Forum Enthusiast
......you mean I'm not going to have to sell a kidney to fund my next lens? It's no fun when someone like you with common sense weighs in on a topic like this. 
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http://www.pbase.com/ddrake
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http://www.pbase.com/ddrake
Roger J. Buffington
Senior Member
Very likely.
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Roger (W6VZV)
Huntington Harbour, California
Surf City, USA
'I want to die peacefully, in my sleep, like my Grandfather...'
Not screaming, and in terror, like his passengers...'
pixeltorch
Member
We have been in this crisis for a while. The latest upheavals have exacerbated the pains, but for those seeing the value of their homes plummet the pain has started more than a year ago. Nevertheless the consumer electronics association reports that the sale of electronic wares has increased further. The common explanation is that people forgo vacations and buy gadgets to sweeten life at home. I would think that cameras are most used during travel and vacation. Not sure if travel through the local neighborhood will make people reach for their cameras as much as during travel to far away places. So sales may go down. But camera manufacturers face intense competition among each other, and I think this will not slow down the introduction of new models. Maybe there will be shifts among the camera segments (e.g. introduction of more affordable models, etc.).
Steve Bingham
Forum Pro
We all will survive, but most of us will feel some pain. Millionaires will lose millions. Others will lose jobs and maybe even their homes. 2009 will be a rough year. 2010 a little better - we hope. 2011 might well be the turning point . . . and we start all over again with greed leading the way - as always.
ALL companies, including Nikon and Canon, will be scrambling for cash for research, development, and manufacturing. What's in the pipeline will continue but new stuff will be some time coming. Ever notice how impossible it is to get a new pro Nikon lens? I sold my 70-200 VR on ebay for slightly more than I paid for it 3 years ago. Why? Supply is extremely short - or non-existent. Expect things to get worse in the next two years - and love what you have.
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Steve Bingham
http://www.dustylens.com
http://www.ghost-town-photography.com
ALL companies, including Nikon and Canon, will be scrambling for cash for research, development, and manufacturing. What's in the pipeline will continue but new stuff will be some time coming. Ever notice how impossible it is to get a new pro Nikon lens? I sold my 70-200 VR on ebay for slightly more than I paid for it 3 years ago. Why? Supply is extremely short - or non-existent. Expect things to get worse in the next two years - and love what you have.
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Steve Bingham
http://www.dustylens.com
http://www.ghost-town-photography.com
I'm glad I could afford a D300 this year. I expect to use camear for many years from now and I'm a happy man.
Steve Bingham wrote:
Expect things to get worse in the
Steve Bingham wrote:
Expect things to get worse in the
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Steve Bingham
Forum Pro
Yep. My D700 will do me for many, many years!
National debt here in America is 10 trillion dollars and rising. That's $33,000 for every man, woman and child. Our Government spends money like a drunken sailor. I suspect other nations have the identical same problem - from what I read. To me its scary. Maybe I understand too much - or not enough? Meanwhile, I am enjoying every single day as best as I possibly can!!!!!
Fall is here and there are places to visit, people to see, and pictures to take. Time to rely on less money and concentrate on more joy.
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Steve Bingham
http://www.dustylens.com
http://www.ghost-town-photography.com
National debt here in America is 10 trillion dollars and rising. That's $33,000 for every man, woman and child. Our Government spends money like a drunken sailor. I suspect other nations have the identical same problem - from what I read. To me its scary. Maybe I understand too much - or not enough? Meanwhile, I am enjoying every single day as best as I possibly can!!!!!
Fall is here and there are places to visit, people to see, and pictures to take. Time to rely on less money and concentrate on more joy.
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Steve Bingham
http://www.dustylens.com
http://www.ghost-town-photography.com
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