Correction: NOT WSJ but Yahoo Finance: Olympus one of 10 brands to disappear in 2014

Started May 26, 2013 | Discussions thread
MichaelKJ Veteran Member • Posts: 3,466
Re: LOL, we are finally back on track with "Olympus will die" predictions

Mjankor wrote:

Olympus m4/3 sales were up 15% year over  year and 25% over the last quarter. I doubt they'll be abandoning high end cameras just yet.

Your claim is refuted by the interview with Olympus officials at the time of the release of their financial results for the fiscal year that ended March, 2013.

Q: For the March, 2013 period, what was the profitability of mirrorless camera?

A: Mirrorless cameras in total, 590,000 units, which was more or less constant from the year earlier. Looking into the substance of the composition of that, in Japan and in parts of emerging markets we were able to confirm growth. At the same time though in Europe and the United States, market as a whole expanded, and yet our results were down. From total perspectives it was almost break even. Maybe a little bit of shortfall. So, that was the result.

 MichaelKJ's gear list:MichaelKJ's gear list
Sony RX100 III Olympus PEN E-PL1 Olympus OM-D E-M5 +1 more
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