Nikon Income Falls in Half

And because of this it is their own choice to calculate with the Yen. It is not necessary. In my opinion these higher prices are a sign of bad management with Nikon. If they were a little smarter the exchange-rates didn't need to have such an impact.
 
did you see the "Zeitgeistmovie" about this?
Everyone should.

Here's the link:
http://video.google.com/videoplay?docid=7065205277695921912

regards

Markus
they goal is to steel from the poor, to keep them always in debt to
the banks.
The Fed is a private bank and that is the biggest reason this
country has been going down hill since 1913.. Also when they went off
the gold standard so they can print money till the cows don't come
home.

GREED..

got gold and silver? you will wish you did..
--

 
To a large degree those who are buying don't want, they -need- the product. The economy has lost a lot of discretionary spending. If you really -need- the product you'll pay more for it because you don't have many other options.

Nikon may believe they are going to sell less no matter what the price. Therefore increase the profit from those who are going to buy anyway. And when the market recovers, Nikon will have the higher prices already established.

The risk in this strategy, if Canon doesn't raise their prices too, Nikon could get crushed. Many Nikon lenses are -much- more expensive than Canon equivalents, the 1Ds3 is priced well below the D3x, and the similarly priced 5D2 is a generation ahead of the D700. You can buy the Canon super tele -and- a 5D2 for the price of a Nikon super tele. Ouch. If the depression continues for another 18-24 months, and Canon holds their prices, a lot of pro photog's will have a new Canon kit and Nikon could become an over-priced boutique player like Leica.

Cheers,
JB
 
How on earth is it possible that banks in the US gave wagonloads of money to people who certainly could never pay it back. Thereby encouraged by the US-government. Thank you mr. Bush (NOT).
 
Markus - That's actually the Addendum... to the first one, have you seen that one? ;)
 
Offset in what way?
If sales as down 50% at the current price, then surely they will exponentially more at the higher price. Consider these forums and how price sensitive we all are, a small % price increase in a D700 becomes an entire thread.
You don't even have to go outside the US to see what's wrong with
that kind of thinking. It's exactly GM circa 2001. And it's worked
out so well for them...
GM is a poor example. In 2001, it wasn't the entire car industry that was suffering, we were not suffering a global recession and the US dollar was not in freefall.
 
Are you living on another planet? Lower sales are due to a global
recession. You might have heard about that.
And on this planet, a gobal recession not only impatcs on sales, but combined with the freefall of the dollae, increasing prices amounts to pouring gasoline on a fire.

You might have heard about that too.
They are now forecasting that 1 dollar = 90 yen. If the dollar gets
even weaker, expect prices to go up even further.
And so will sales. Increasing prices, especially during a global finacial crisis, could lead to an exponential drop in sales. A small profit margins on some sales is surely preferable to a larger profit margin on none.
 
Yes, the selfish principle that you want Nikon to eat the entire
currency fluctuation loss rather than assume any yourself even if it
means they go out of business.
Nikon, like all international businesses, are stuck between a rock and a hard place. Still, there is no guarantee that their current stratergy will not also drive them out of business.
 
Revenue down 10% profit down 68%. You're such a smart ass, maybe you can share with the forum how you would run things.
And because of this it is their own choice to calculate with the Yen.
It is not necessary. In my opinion these higher prices are a sign of
bad management with Nikon. If they were a little smarter the
exchange-rates didn't need to have such an impact.
 
I think we know who created the conditions that led to the economic implosion (of course, aided and abetted by us - we elected the dufus, so we have to shoulder our share of responsibility). He isn't called Junior for nothing, you know. Republicans tell everybody they need to take responsibility for their actions until it comes to them taking responsibility, then it's always someone else's fault. Hey, I didn't create this economic fiasco, I'm only the president. It's that Barney character. He did it. The Iraq debacle. The Katrina debacle. The economic debacle. I hear that in the next addition of Webster's, Dictionary, under the word debacle, they're going to list George W as part of the definition. I am so f'ing glad we've see the last of that &^ (&^ And of course we all went along with his screw ball actions, so we are all equally guilty.

--
I Reject Your Reality And Substitute My Own

Web Site - http://www.hgiersberg.com/
 
Blame Barney, Fannie and Freddie, but don't blame Nikon.
Freddie and the others aren't to blame, they're just willing
accomplices and enablers. We are the ones to blame.
Not me, I had nothing to do with it.
Everybody that bought a house they couldn't really afford, and then
rode the appreciation bubble to fake riches by taking out home equity
loans out the wazoo to prop up their behond-their-means lifestyle -
those are the ones who caused this mess.
My houses are paid for.
Everybody who bought way more than they could afford by maxing out
their credit cards - those are the ones who caused this mess.
Agreed! This is why I have always said if you can't pay the CC statement off in full when it arrives you have no business buying anything.

Same with camera gear. You don't have the money to pay it off before it is bought or after one or two shoots you have no business screwing with it.
Everybody who let greed and gluttony get the better of common sense -
those are the ones who caused this mess.
Yep! Guess what? I saved and invested only to find my "nest egg" going to support the people that didn't save for their future. Looking back, I'm the fool as the ones that spent like there's no tomorrow are the smart ones as they will get bailed out with my money.
Everybody who bought giant SUVs with 12 mpg that made us completely
dependent on middle east oil - those are the ones who caused this
mess.
NONSENSE!! I have two trailers to pull and I can't do that with a hybrid. I don't care if fuel goes to $10 a gallon I will buy it as I can afford it. It's stupid and uneconomical buying a vehicle that is underpowered and incapable of doing the job. It's cheaper to keep the guzzlers as they are paid off and can pull anything that can be hitched to them.
Everybody who said "lets cut taxes in time of war" - those are the
ones who caused this mess.
Nope! This is your war, not mine. I didn't vote for Bush, but I get to pay for his stupidity and his war crimes.
And every government official who said spend, spend, spend, and who
looked the other way when the regulators were asleep at their desks
(you all know who I'm talking about here) - those are the ones who
caused this mess.
Yep, just as long as they were getting their cuts.
We consumers love to blame government and big corporations - anybody
but ourselves - but we are just being dishonest and lying to
ourselves. We have met the enemy, and they are us.
Nope! I got my act together. I don't owe anybody anything I can't write a check for.
You want to know who's to blame for this sucky mess we find ourselves
in - look in the mirror.
Wrong! I didn't ask for illegal immigration, but I get to pay for everyone of them that swim across the Rio Grand and spit out an anchor baby.
 
They were urged to lend, lend, lend by Mr. Frank
and his henchmen. No job, no credit, no problem!
Apart from Freddie and Fannie, there was also the deregulation mania, where investment banks gearing their derivatilve investments by 30:1 and creating ponzie schemes that no one could make sens of.
 
I agree with you to large extent, although Canon have already experienced a profit donwturn of 85%, so they are no better off than Nikon. Also, Canon have announced that they too will be increasing their prices.

We're only into January and things looks very grim. Where it gets ugly, is if the recession continues and Nikon find are swallowed up by a larger company like Sony, Samsung or LG.
To a large degree those who are buying don't want, they -need- the
product. The economy has lost a lot of discretionary spending. If you
really -need- the product you'll pay more for it because you don't
have many other options.

Nikon may believe they are going to sell less no matter what the
price. Therefore increase the profit from those who are going to buy
anyway. And when the market recovers, Nikon will have the higher
prices already established.

The risk in this strategy, if Canon doesn't raise their prices too,
Nikon could get crushed. Many Nikon lenses are -much- more expensive
than Canon equivalents, the 1Ds3 is priced well below the D3x, and
the similarly priced 5D2 is a generation ahead of the D700. You can
buy the Canon super tele -and- a 5D2 for the price of a Nikon super
tele. Ouch. If the depression continues for another 18-24 months, and
Canon holds their prices, a lot of pro photog's will have a new Canon
kit and Nikon could become an over-priced boutique player like Leica.

Cheers,
JB
 
I'm not sure who the "them" are in the "You Brought Them Over Here..." comment, but we'll let that slide.

Regarding your responses, of course I was using the royal we in my comments. What I really meant to say was that you and I are both saints - it's everybody else that screwed the world up. :-) Yeah, that sounds good. Actually I'm with you on most of the issues. I don't owe anyone a nickel. Have zero balance on my one credit card. Live in a modest house I bought 24 years ago. Yada yada yada. But your wrong on the big SUV. You only need it to pull those trailers because you have the trailers. Get rid of the trailers, and whatever you use the trailers to carry, and then get rid of the big SUV. Then, and only then, will I elevate you to full saint status. For now you are only a probationary saint :-)

--
I Reject Your Reality And Substitute My Own

Web Site - http://www.hgiersberg.com/
 
My plans to buy a 300 f2.8 VR this month have
evaporated with the $1000 price rise in this lens.
In the last 4 months I purchased:
500 mm f4 VR, 200 mm f2 VR, Nikon D3X
In the last 4 months you were going to spend ~$24,000 (US prices) for four lenses and the best DSLR on the planet.

But you will not spend ~$25,000 (US prices) for four lenses and the best DSLR on the planet.

That's kind of funny, but I guess you have to draw the line somewhere :)
--
WPPI, PPA, NPS
 
During a recession a business is supposed to lower prices, even if it
means posting a temporary operating loss for a prolonged period.
Nikon management just does not get the message. Their greed prevails
over what any knowledgeable economic adviser would tell them. But do
not worry. Eventually, the company will come under such extreme
pressure that they must either slash prices or begin to offer rebates.
Let's see you operate a business at a prolonged loss and see how long you put up with it before you walk away. Easy to complain as a consumer but come on man, get real. Someone should make a sticky on this forum about why Nikon has to increase prices and why businesses exist to MAKE money; not give it away. That's the nature of business. Call it greed, or whatever but they do it to make money. Simple as that. Thom explained it well a few times here...
 
I'm not sure who the "them" are in the "You Brought Them Over
Here..." comment, but we'll let that slide.
Illegal immigrants, of course. I have no problem with legal immigration. Heck, I don't mind if they come over here legally and we send them to Harvard, buy them a house and car. I just refuse to accept the fact that I have reward 20+ million illegals with citizenship and all the perks that come with it.
Regarding your responses, of course I was using the royal we in my
comments. What I really meant to say was that you and I are both
saints - it's everybody else that screwed the world up. :-) Yeah,
that sounds good. Actually I'm with you on most of the issues. I
don't owe anyone a nickel. Have zero balance on my one credit card.
Live in a modest house I bought 24 years ago. Yada yada yada. But
your wrong on the big SUV. You only need it to pull those trailers
because you have the trailers. Get rid of the trailers, and whatever
you use the trailers to carry, and then get rid of the big SUV. Then,
and only then, will I elevate you to full saint status. For now you
are only a probationary saint :-)
Well, in my defense, I must say I earned the privileged to spew massive amounts on noxious fumes in the atmosphere. You see, I paid for part of the Korean war and I wasn't even born yet. I almost had the Vietnam war paid off, but I had to bankroll "Operation Dessert Storm" in the early 90s. Being a good American I'm paying for this latest lunacy. Granted, we need to build up Iraq before we take care of our own.

But I do agree with you that I have been irresponsible with my money all these years. Had I "done the right thing" I would have bought everyone a D3x and a full compliment of lenses. To late now as we don't get any 'do overs' in the 21st century. Plus, I already prepaid the Afghanistan war that we are about to start. I got in before the price increase and my credit card won't be charged till the first cruise missile is fired.

Anyway, enough of that. I'm kinda elated Nikon raised the prices as this makes my lenses so much more valuable. It's time to list my duplicates on eBay.
 
Maybe Toyota should adopt this policy since they just reported a loss for the year. They could increase prices on their cars by 30% and see how many they can sell at the higher prices.
 
In the last 4 months you were going to spend ~$24,000 (US prices) for
four lenses and the best DSLR on the planet.

But you will not spend ~$25,000 (US prices) for four lenses and the
best DSLR on the planet.
He previously paid $25,000 for $24,000 worth of gear. Why should he pay more than $24,000 for $24,000 worth of gear?

It's the market that decideds what something is worth, not the supplier. Nikon will soon learn that.
 

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