Canon released their Q2 2019 financial results earlier this week, showing that recent predictions of a steep decline in profit were on the money (so to speak). But despite reporting significant declines in both Net Sales and Unit Sales of their cameras, the company remains optimistic about its prospects in the mirrorless camera market.
Nikkei published its 2018 digital camera market trends report yesterday, and the news is grim. While Canon, Fuji and Olympus all saw their global market share increase last year, total sales volume for digital cameras dropped by a whopping 22%.
All the numbers have been pointing upwards for Instagram. In fact, a recent analysis shows that Instagram will be used by 1 in 3 person, in the US, by 2020. With 400 million active users today, it is the only platform where people exclusively take and share visual content and nothing else.
There's a critically endangered species in the world of photography businesses: the one-hour photo shop. With the decline of film developing and photo printing, the one-hour photo niche has become the single fastest-dying business in the United States.
How bad is it? There are only 190 of the shops still open in the whole country.
After years of providing portrait services to local families and high school seniors, both the Sears and PictureMe portrait studios (the latter found in Walmart) have closed their doors for good. The news has been breaking slowly via local outlets as Sears and PictureMe employees nationwide found themselves without a job Thursday morning -- some having receiving the news as late as Wednesday night.