Articles tagged "business"

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.

Canon ranked in top five for US patent awards for 33 consecutive years

Canon has proudly announced that it ranked third in the world for the number of patents awarded to it by the US Patents Office during 2018.

AgfaPhoto brand makes a comeback with budget cameras and digital albums

French company GT Company has licensed the AgfaPhoto brand and launched a range of new budget products.

GoPro moving production of U.S.-bound action cameras out of China, cites concerns over tariffs

GoPro announced Monday morning that it plans to move production of United States-bound cameras out of China, citing tariffs concerns.

Video: Diving into the demise of Kodak

YouTube channel Company Man has shared a 12-minute video explaining the history of Kodak and the factors that led to it going from industry leader to bankrupt business.

Instagram rolling out ability to link a credit card and buy things inside the app

Parent company Facebook continues Instagram's transformation from a mobile image sharing platform into a do-it-all application by adding a way to pay for things right within the photo sharing app. This could be very interesting for photographers.

Verizon officially acquires Yahoo including Flickr

Verizon is planning to combine AOL, Yahoo and a few of its other subsidiaries into a new ad platform called Oath.

Canon boosts 2017 profit forecast following strong Q1 financial results

Canon has increased its estimated 2017 operating profit, due mainly to its acquisition of Toshiba's medical equipment unit. Camera-wise, the 5D Mark IV has helped to drive sales, with mirrorless products doing well in Europe and Asia. As expected, point-and-shoot sales continue to drop. Read more

Drone sales doubled in 2016, premium features help push sales

According to a report by analyst firm The NPD Group, U.S. dollar sales of drones more than doubled in the 12 months ending February 2017 and premium features are in high demand. Read more

Apple captures 79 percent of global smartphone profits with 14.5 percent market share

Despite a smaller market share than some of its rivals, Apple is reaping the highest profits in the smartphone business. Read more

KitSplit acquires CameraLends, becomes largest peer-to-peer camera rental platform

KitSplit has bought rival camera gear rental marketplace CameraLends and integrated the latter's user base and gear information into its own systems. Read more

KitSplit is a peer-to-peer rental service for camera equipment

KitSplit is a peer-to-peer rental network for camera gear. It aims to bring together people in need of equipment and those who are willing to rent their gear out, taking care of vetting, insurance and the logistics. The company has expanded its area of coverage in the US. Read more

Dual-cam Duel: Sony and LG Innotek rumored to be competing for Apple orders

Rumors say that all 'Plus' variants of the upcoming iPhone 7 will feature a dual-camera design which could be made by either Sony or LG Innotek. Read more 

Photo business: the rise and impending fall of social media 'influencers'

An interview with a social media executive paints a pretty bleak picture of the fading 'influencer' phenomenon in which individuals are paid handsomly to promote products to their large social media followings. Read more

Processor designer ARM acquires Apical

Processor designer ARM is hoping to strengthen its position in new markets by acquiring imaging technology company Apical. Read more

Leica and Huawei announce partnership to 'reinvent smartphone photography'

Leica and Huawei will work together in research and development, design, co-engineering, user experience, marketing and retail distribution.

Sony finalizes buyout of Toshiba's sensor business

Back in October, Sony announced its intention to buy out Toshiba's sensor business, and today they've sealed the deal. Sony is spending ¥19 billion ($154 million) on the acquisition, which includes technology and a factory in Oita, Japan. Toshiba's 1,100 workers will be offered positions at Sony Semiconductor after the merger closes by the end of the first quarter 2016. Read more

Sony owns an estimated 40.2 percent share of image sensor market

Sony's image sensor business is going extremely well, leading a push to make consumer electronics less of a priority within the company.

Marketing a Commercial photography business

Commercial photography is like any other business in that there are many day-to-day functions for the business to succeed. This blog explores the typical demands and tasks I exert to run my photography business. I include some business strategies todifferentiate your business to increase profits.

As a retired business manager and consultant for many known successful photographers, I am always asked how I can advise young talented photographers to start and grow their photography business to a full-time profession. The photography industry has changed drastically over the past 20 years, and

Going Professional, Where to Begin?
With a decade of experience in the business, here are some tips on what it takes to get started in professional photography. It might not be what you think...
Stock or assignment - what's right for me?
Whether to shoot stock, assignments or a mixture of both is a decision that every professional photographer has to make at some point. Read this article to get an understanding of the effective differences between stock and assignment photography and find out what works best for you.