Articles tagged "business"

Total: 71, showing: 1 – 50
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Nikon says it wants to have 50+ Z-mount lenses on the market by 2025

In its ‘Medium Term Management Plan' Nikon reveals its ambitions for its imaging division for the next three years, revealing its plans to have 50+ Z-mount lenses to market by 2025 as well as its plans to bring Z9 camera tech to more affordable camera bodies.

Intel acquires Tower Semiconductor for $5.4B, further expanding Intel's ambitious foundry business

Intel has announced the acquisition of Israeli chipmaker Tower Semiconductor for $5.4 billion. The move, which has been unanimously approved by the boards of directors of both companies, will significantly expand Intel's Foundry Services operations.

Sony gets another exclusive equipment partnership with Canada’s largest news organization, The Canadian Press

Sony has snagged yet another exclusive equipment partnership, this time with Canada's largest news organization, The Canadian Press. The partnership will see the company's photojournalists and videographers supplied with Sony mirrorless cameras and lenses.

BCN+R data shows that Canon and Sony controlled the Japanese camera market in 2021

BCN Retail (BCN+R) announced the BCN Awards winners, showing how the Japanese camera market shaped up in 2021. The summary shows that Canon and Sony continue to perform well. Are there any surprises in the data?

Update: Questioning the value of 'mass production and mass sales,' Ricoh is looking to take a more direct-to-consumer approach in Japan

In a statement shared on Ricoh Imaging Co's website, company President Noboru Akahane said the company is looking to 'renew its manufacturing and sales structure in Japan on April 1, 2022' and will connect 'with customers using "digital" methods and "studio-style" manufacturing.'

Photo portfolio platform Zenfolio acquires website-building platform Format

Zenfolio has announced the acquisition of Format, a popular website-building platform for photographers and other artists. The acquisition further bolsters Zenfolio's ongoing efforts to reinvigorate its business model and position itself a strong option for photographers looking to build a website and run a business.

Getty Images announces the acquisition of stock photo platform Unsplash

It’s been announced that Getty Images is acquiring Unsplash at the end of the month.

Report: Sony tops mirrorless production in 2020 with Canon close behind

Data from Japanese research firm Techno System Research shows Sony produced 1.15M mirrorless cameras in 2020, with Canon close behind (1.05M units) and Nikon trailing (250K units).

Nikon expects profitability and plans to release more Z mount lenses by 2022

Nikon CFO, Muneaki Tokunari, recently gave an interview to Nikkei, wherein he explained Nikon’s path to profitability and revealed more lenses are to be expected within the next year.

OnePlus announces 3-year partnership with Hasselblad, reveals 9 Series smartphone launch details

OnePlus has announced a three-year partnership with Hasselblad that will see the pair ‘co-develop the next generation of smartphone camera systems’ inside OnePlus’ mobile devices.

Kenko Tokina forms alliance with Carl Zeiss to be its distributor for lenses and more in Japan

Kenko Tokina has announced it will enter a business alliance on April 1 that will see it become the new source for sales and support of Carl Zeiss equipment in Japan.

Nikon Q3 financial report: imaging business revenue and profit down double-digits as it prepares for future sustainability

Nikon's 2021 fiscal year might look grim on paper, but it seems the company is taking the steps required to stay sustainable in a shrinking market.

Nikon to cease operations at two of its interchangeable lens production factories in March

According to a report from Nikkei Shimbun, Nikon will cease operations at its Nagai and Aizu plants at the end of March, leaving just a single factory for domestic interchangeable lens production.

Shutterstock’s $74M TurboSquid acquisition could change the landscape of stock photography

The purchase expands Shutterstock's offerings, positioning it as a marketplace for customers who are embracing computer-generated 2D images over traditional stock photography.

Sigma CEO confirms RF/Z mount lenses are a 'possibility,' estimates camera industry will stabilize this year and more

In an article published by ICAN Management Review, Sigma CEO Kazuto Yamaki speaks to the future of the company, including the possibility of RF/Z mount Sigma lenses, future camera systems and more.

Update: The end of an era: Olympus confirms it's completed the sale of its imaging business to JIP

Olympus has confirmed the transfer of its imaging business to Japan Industrial Partners Inc. has been completed, paving way for the future of the OM and Zuiko brands.

Zeiss, Vivo form partnership to bring Zeiss camera components to Vivo's premium smartphones

This new global partnership will see the two companies work together to research and develop co-engineered imaging systems for Vivo smartphones, starting with the new X60 series.

Texas report details the harsh realities, risks of being a wedding photographer during the COVID-19 pandemic

Texas Monthly has shared an article detailing how one high-risk photographer was exposed and eventually tested positive for COVID-19 after the party hid that the groom had tested positive ahead of the event.

BCN Retail shows Canon catching Sony in the Japanese full-frame MILC market, Nikon stagnant — for now

BCN Retail's latest numbers covering the Japanese domestic market show Canon is hot on the heels of Sony in terms of market share, while Nikon is averaging less than half the market share of both Canon and Sony.

Olympus finalizes deal with JIP to sell its Imaging business

In preparation for the sale of its Imaging business, Olympus will establish a new subsidiary, which will then be sold to a division of Japan Industrial Partners Inc. at the beginning of 2021.

Video: How Kodak became yet another victim of the juggernaut of changing technology

The Wall Street Journal has released a new video detailing the history of the Kodak Eastman company, including its origins, rise to prominence and subsequent fall from grace.

Nikkei report says Japanese camera manufacturers are in for a 'shake-up' following Olympus sale

Olympus' sale of its imaging division could be the beginning of a major 'shake-up' in the Japanese camera industry, according to the latest report from Nikkei Asian Review Deputy Editor, Masamichi Hoshi.

The Associated Press partners with Sony to exclusively provide its visual journalists with Sony camera gear

The Associated Press has announced it's partnered with Sony to provide its visual journalists across the world with Sony camera equipment to capture their assignments.

Report: Kodak Alaris has sold off its paper and chemical division to its largest Chinese distributor

Inside Imaging is reporting that Kodak Alaris has sold its paper and chemical business to its largest Asia Pacific distributor, Sino Promise Group.

Olympus agrees to sell imaging business by the end of the year

The camera business is to be moved to an new company run by Japan Industrial Partners, which will continue to run and grow the brand, according to a statement from Olympus Corporation

DJI scores a victory in the latest round of a patent battle with Autel

In early March, it was reported the ITC ruled in Autel's favor over a long-standing patent battle. DJI, and its legal team, have issued a response declaring victory on their end.

Nikon says it's expecting 'extraordinary losses,' has updated its FY2020 projections

Nikon has announced new, lower projections for its 2020 fiscal year and has done some clever accounting to help reduce its taxable income for the year.

Nikon, Olympus postpone upcoming financial results, citing COVID-19 challenges

Both companies say accounting procedures are proving difficult amidst global stay-at-home orders, making it challenging to audit their financial results in the usual timeframe. Results for both companies are pushed back by a few weeks.

GoPro and VSCO lay off employees, change business models over COVID-19 pandemic

Instagram-competitor VSCO and action camera company GoPro both plan to release new features and products in 2020 despite the restructuring.

Sony to transform its Electronics Products & Solutions segment into new holding company

Sony has announced that on April 1, 2020 it will be spinning off its Electronics Products & Solutions (EP&S) segment into Sony Electronics Corporation, an intermediate holding company.

Yongnuo, Mediaedge and Venus Optics join Micro Four Thirds System standard

The joint announcement was made by Olympus and Panasonic, who warmly welcomed the trio to the Micro Four Thirds System standard.

Sony reportedly cuts planned mirrorless camera features in response to DRAM shortage

Updated: The decision was made as DRAM prices soar as smartphone makers demand fast memory for 5G phones.

Instagram allegedly raked in $20 billion in ad revenue last year

If true, the image platform has beaten YouTube's 2019 ad revenue by billions.

Sony's image sensor business may be 'enormously' hit by coronavirus outbreak

It all depends on whether the outbreak disrupts Sony's supply chain in China.

DynaLite Lighting company shuttered after 50 years over struggle to remain competitive

DynaLite, the photographic lighting company founded in the 1970s, has been forced to file for bankruptcy and permanently shutter its service.

Sony forms new AI organization to develop new tech for cameras and more

Sony's newly formed artificial intelligence organization will focus on creating new AI technologies for cameras, gaming, and more.

Olympus issues statement disputing rumors its imaging division will shut down within a year

Olympus has issued a statement to Chinese financial publication Sina Finance News claiming it will continue 'to work on the improvement of profitability and efficiency in these two business areas,' a direct response to a rumor that stated its imaging division would be shut down within a year.

Kodak's film business saw a revenue increase of 21% last quarter, but overall profit is down

Kodak film is making progress, in revenue figures at least, while the rest of the company posts a loss for the last quarter.

UK photo retailer Jessops is reportedly looking for administrators to help salvage the company

United Kingdom photo retailer Jessops is reportedly looking for administrators to help sort out rising costs and falling revenue.

Correction: Sony is reorganizing and renaming its information services division

Tomorrow, Sony's is reorganizing and renaming its ‘Business Transformation/IS Department’ to ‘Corporate IS Department.’

Nikkei reports Canon's profit projections are twice as bad as it anticipated

Earlier this year, Nikkei reported Canon was anticipating a 20 percent profit decrease for its 2019 fiscal year. Now the decrease is expected to be 40 percent year-over-year.

Trump lifts ban on US companies that prevented them selling to Huawei

Comments during a G20 press conference suggest U.S. firms will be able to sell to the Chinese tech giant once again.

Chief Design Officer Jony Ive is leaving Apple to start new design firm

Apple has announced that its chief design officer, Jony Ive, is leaving the company to start his own design firm.

Shutterfly acquired for $2.7B, set to be merged with Snapfish

Apollo Global Management has agreed to acquire Shutterfly for $2.7B and says it plans to merge it with Snapfish, which was also acquired for an undisclosed sum.

Sony's financial report shows 2% YOY growth for its 'Imaging Products and Solutions' division

While Canon and Nikon have lost double-digit percentages year-over-year for their respective imaging divisions, Sony has managed to come out in the green, albeit not by much.

Nikon reports its Imaging Business revenue dropped nearly 18% year-over-year

Nikon's latest financial reports show revenue of its Imaging division has dropped almost 18% year-over-year.

Report: Canon is lowering profit forecast 20% due to shrinking camera sales

Nikkei Asian Review says the increasing capabilities of smartphones are at least partially to blame for the downturn in sales.

Kodak Alaris is actively looking to sell off its paper and film unit for an estimated $34M

Kodak Alaris' Paper, Photochemicals and Film (PPF) unit is actively looking for potential buyers.

DJI shares open letter regarding corruption allegations, asks media to 'pay close attention to the facts'

DJI has published an open letter on its website that provides more information regarding its internal investigation pertaining to alleged corruption and theft.

DJI addresses alleged corruption scandal that reportedly increased product prices by 20%

A statement following internal investigation by DJI alleges a number of employee were part of an internal corruption scandal that overcharged DJI for parts and materials.

Total: 71, showing: 1 – 50
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