Why Are Cameras Dying Off?

Started Jul 13, 2013 | Discussions thread
(unknown member) Veteran Member • Posts: 6,192
Re: Why Are Cameras Dying Off?

These graphs look suspiciously similar to graphs of general economic malaise since 2008. In fact the CDO crisis which precipitated the whole banking house of cards tumbling down and bringing everything else down with it was in 2008.

Possibly it is just that people struggling to survive find a new camera of the latest kind not one of the necessities of life. Real wages in the UK are falling 2% annually and many people are borrowing money on short term, so called payday, loans for rates well over 1,000% apr just to buy food and pay the rent. I doubt if the citizens of Detroit are buying many cameras and my thoughts go out to them.

jmgiv wrote:

Not a particularly perky article.


http://www.nbcnews.com/technology/were-taking-more-pictures-ever-so-why-are-cameras-dying-6C10607491 .

"You would think that in a world where hundreds of thousands of photos are shared every minute, camera makers would be absolutely in heaven. Instead, they're struggling to maintain both their income and their relevance...For almost a decade, digital camera sales mounted as people ditched their old pocket 35mm cameras for digital cameras of all shapes and sizes, with shipments peaking at 120 million in 2008. Then growth stalled...consumer trends — combined with the 2011 earthquake and tsunami that ravaged Japan, affecting camera makers' production lines — caused the photo industry to withdraw into a sort of stasis, from which, sales-wise at least, it has never emerged...While point and shoot sales are collapsing, taking billions off the bottom line, DSLRs and mirrorless systems are selling well. But if the Canons, Nikons, and Pentaxes of the world are not just to survive but to thrive, they need to change big time; hence the comments from Nikon's President."

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