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Canon/ Nikon confirm price increase

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In Australia Canon, Pentax and Sigma have already gone up 20% and Nikon goes in Feb... Funny thing is they never dropped when our dollar was strong in 2008...

I think new cameras and lenses are an area that most people will do without the upgrades (at least in the mid term).. could be a very bad year for the camera companies. time will tell..

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Joel - Nikon D90
My Gallery: http://www.eisner.id.au
 
Remember, these are the "asking" prices and what the manufacturers would like us to pay for their products. Given the world economic situation I would suggest that these "Recommended Retail" prices are better labelled "Wishful Thinking" prices.

Demand for high end consumer and "prosumer" digital photography equipment is quite elastic and as such the market will determine how much is actually paid and I think the gap between the "official" price and what is paid will simply increase.
 
When the pound was strong they didn't cut prices. I think there is a pattern here. When people feel rich raise prices, when people feel poor raise prices.
 
The current enviornment of financial uncertainty is good reason - all by itself- for many of us to be increasingly careful in our camera upgrades. For the camera makers to come in with a price increase at this point, almost seems like they are trying to drive home the point; "Don't buy a new camera now. Wait for the fire sale !"
 
While I can understand the problem which camera manufacturers have in the current dire economic situation ,with shifting currency exchange rates, price rises at this point will seriously affect DSLR sales which were already showing signs of slowing down.

When times are bad people still have to eat & have a warm roof over their heads the rest is non essential & folk can keep their money in their pockets. People desperately wishing to change cameras will look out for closing down & bankrupt sales otherwise they can always delay any new purchases.

Keith-C
 
yes but the case in Australia was a 20% increase in wholesale price (and rrp).. but with the wholesale going up 20%, that means the price on the shelf goes up with it..

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Joel - Nikon D90
My Gallery: http://www.eisner.id.au
 
I was holding off until after the New Year to upgrade to the new Canon 5 MarkII ....and this helps make up my mind. I'll keep the old one and buy the vintage 69 Mustang instead.

Funny how prices never go down regardless....
--
BabyBoomer
 
BabyBoomer said:
I was holding off until after the New Year to upgrade to the new
Canon 5 MarkII ....and this helps make up my mind. I'll keep the old
one and buy the vintage 69 Mustang instead.

Funny how prices never go down regardless....
Click to expand...
That's because wide-spread deflation really is a significant problem - moderate inflation is much better... (seriously, read up on it)

David Gay
 
John W Peterson said:
The current enviornment of financial uncertainty is good reason - all
by itself- for many of us to be increasingly careful in our camera
upgrades. For the camera makers to come in with a price increase at
this point, almost seems like they are trying to drive home the
point; "Don't buy a new camera now. Wait for the fire sale !"
Click to expand...
That "wait for the fire sale" mentality is one of the things that economists and financial policy makers fear the most. When everyone stops spending, the real trouble begins. For the economy to work, money has to stay in circulation.

No one is recommending rash spending. But if the fear of the future leads to a significant drop in purchasing, it makes the situation worse. When demand drops, then unemployment follows, along with defaults on loans, downsizing, and so on.

Strange as it sounds, we actually want the companies to be making profits at this point. Making profits and investing again, so there's more credit available for corporations and individuals to buy goods and services. Our economy only works when there is growth.

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http://www.pbase.com/soenda
 
The 1Ds3 went up £1000 today and the D3x £500 (rgbtech UK).
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There are no such words as alot, truely or lense.
 
The problem is that producers and manufacturers also fear the future and a reduction in the workforce and investment in the future can occur even if profits are up.
 
Some of this, or a lot of this may be supply and demand issues, but I notice that Amazon merchants want, today ~$3645.oo USD for the 5D mark II.
Are others seeing an upward drift to Canon dSLR's ?
 
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