Articles tagged "financials"

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.

Canon has released the full-year report for its 2020 fiscal year. While Canon's net sales were down, it's operating profit was up and the company is poised for a positive 2021 across the board.

As a whole, Canon saw a decline of 9.5% and 18.7% in net sales and operating profit, respectively, but its Imaging Systems division took a particularly rough hit with expectations Q2 will be even worse.

According to Sony's latest financial report, it's overtaken Nikon to have the second largest market share in the global digital camera market, based on revenue.

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.