Articles tagged "business"

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 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 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 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?

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.'

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.

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

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 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 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 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'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.

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

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.

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 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'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.

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.

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

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

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

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 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.

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.

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

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.

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

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

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

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

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

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

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

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

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

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.

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

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

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.

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

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

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

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

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.