Nikon's financial results don't fall far from the updated forecast shared earlier this month and highlight just how unsure the entire industry is about the future due to the COVID-19 pandemic.
Articles tagged "financial"
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.
The global lockdown has been disastrous for the camera trade with sales cut in half across the world, according to figures released by CIPA. DSLRs are doing worse than mirrorless models, and lenses are holding up a little better overall.
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.
Canon's latest financial documents show the harsh realities of the camera market in 2019, but paint an optimistic picture of the future, with an emphasis on plans to launch 'advanced feature full-frame model and lenses' in 2020 and beyond.
Adobe announced 'phenomenal' performance in 2019 with more than $11 billion in revenue, as well as record fourth quarter earnings.
We've pored over financial reports from Canon, Nikon and Sony, as well as sales figures from CIPA, to see how the three manufacturers stack up against each other and the industry as a whole.
In a surprising bit of good news, GoPro's Q1 earnings report exceeded analysts' expectations thanks in part to demand for the new, entry-level GoPro HERO. And CEO Nick Woodman expects more good news in Q2.
Fujifilm's Imaging Solutions division recorded a revenue of $2.77 billion and operating income of $465 million in the first three quarters of 2017. That's a 15.6% increase in year-on-year revenue and a whopping 76.1% jump in operating income over the same period last year.
GoPro announced Q3 revenues this week, and for the first time in a very long time, the company is profitable! Between restructuring efforts and Hero6 sales, it seems the company is turning itself around.
Adobe's move to a subscription model is treating it very well indeed. The company has posted record revenue for the second quarter in a row, hauling in a mind-boggling $1.84 billion.
Citi Research predicts that Snapchat and Instagram are going to bring in huge revenues by 2019. They believe Instagram will hit the $10 billion mark, with smaller Snapchat earning a not-insignificant $3 billion.
Sony is the world's leading mirrorless camera brand but remains third for ILCs overall, it's said in a presentation to investors. A focus on high value cameras and lenses should boost operating income, it says.
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