Sony swoons again. Stock slumps on earnings forecast downgrade.
They note that digital imaging is part of the problem.
Too bad they did not breakdown imaging unit results in terms of point and shoot and interchangeable lens cameras.
It would have been interesting to see how well the sale of their interchangeable lens cameras are holding up given, last week, Canon warned of declining DSLR camera sales.
See schedule 15 and others.
There is no basis to suppose that sales of RX100s, SLTs, or alphas will keep the imaging boat afloat. They share a lot of fixed costs, overhead, and R&D. Discontinuation of the P&S business entails charges that will, for 12-24 months, cloud identification of what might remain viable. So long as unit volumes continue to fall, and no one knows where the bottom is, it's hard to know how much production capacity to discontinue.
With so much over-capacity in the camera industry, it would be hard for Sony to find a buyer for the high end segment of its camera business.
Nikon is going to report soon. Maybe next week. Point and shoot is going to be bad due to smartphones. Everyone knows that. The question is will their DSLR also retreat as Canon have warned last week.
It sure seems the whole camera industry has hit maturity and the number of offerings will soon decline as we have seen in the flat panel TV segment.
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