Posts Tagged ‘financial’

Nikon Allocates $17.7 Million to Repair D600 Issues… and Its Reputation

nikond600

If you’re wondering just how big of a pain in the butt for Nikon the D600 sensor oil/dust issues have been, all you have to do is go back into our archives and read about the lawsuits and the outrage… or read the comments on the D610 announcement post.

On the off-chance that’s not enough, however, we now have a dollar figure to add to the mix. $17.7 million. That’s how much Nikon has allocated to put an end to the D600 issues and repair its damaged reputation. Read more…

Canon Australia Will Lay Off a Tenth of Its Staff After Profits Fell Almost 90 Percent

canonheadquarters

Financial hard times from the slaughter of the compact camera market aren’t limited to one company. And while we try to stay away from the gloom and doom news when possible, the news that Canon Australia’s profits dropped almost 90 percent in 2013 compared to 2012 made us do a double take. Read more…

Surfing Camera Turned Action Cam Empire GoPro Files for $100 Million IPO

hero3+_1

The story of GoPro’s humble beginnings is an interesting one, and if you’ve not heard it we definitely suggest you click on this link and watch the video there before going on. But today’s news isn’t about those humble beginnings. It’s about the meteoric heights to which the company has climbed.

Announced at market close yesterday, the former one-man surf camera operation and current action cam king has officially filed for a $100 million IPO. Read more…

Rumor: Is Ventizz Capital Planning to Pull the Plug on Hasselblad?

hassyCMOS1

In mid-2011, Hasselblad was acquired by the private equity firm Ventizz Capital Fund IV, but rumors are swirling that the fund might be getting ready to ditch their investment. Read more…

Olympus Stands to Post a Profit in 2014 as Mirrorless Sales Climb

800px-BJ_北京_Beijing_王府井大街_Wangfujing_Street_Olympus_Camera_好友世界商場_Haoyou_Emporium_Aug-2010

Olympus’ decision to put all its chips on the mirrorless market seems to be paying off, with the once-troubled company finally poised to register a profit next year after several quarters of losses. Read more…

Crunching the Numbers: Four Insights We Can Glean from Camera Sales Data

Feel free to use this image just link to www.rentvine.com

With every passing year, the digital camera sales dataset offered by the Camera and Imaging Products Association (CIPA) grows more comprehensive. These records are made available to the public by this coalition of camera manufacturers which includes Nikon, Canon, Fujifilm, Sony, Sigma, Ricoh, Olympus, and dozens of other recognizable brands. Since 2002, they’ve been improving and increasing the scale of their database, which now separates digital cameras into fixed-lens, mirrorless and DSLR categories, and reports sales figures for different regions.

It sometimes seems that commentators are primarily interested in the CIPA data to prove just how far up a creek camera manufacturers are so far this decade. But these depressing pronouncements are just scratching the surface. Here’s some other things the data shows: Read more…

MIOPS: Smartphone Controllable High Speed Camera Trigger

MIOPS is a new smartphone-controlled camera trigger that combines all of the features photographers want in a high-speed camera trigger into one convenient device.

Read more…

Nikon Stock Down Almost 24 Percent Year-to-Date, Worst Underperformer in the Nikkei

nikond600

Nikon’s stock is down, and down bad, according to a report by Reuters. Although the report starts by saying that Nikon is currently up 0.8%, it continues on by revealing that:

Nikon is down 23.6 percent year-to-date and is the worst underperformer in the Nikkei this year, while the benchmark has rallied nearly 49 percent.

Read more…

Canon Cuts Financial Forecast as Sales of ILCs Decline for the First Time

13-08-08-hongkong-by-RalfR-099

Leading international camera maker Canon cut its annual profit forecast Thursday, revealing that sales of interchangeable-lens cameras are slowing for the first time ever. Read more…

Conglomerates or Camera Companies?

printer

In the corporate world, diversification is a way of life. As multinational conglomerates like PepsiCo can tell you, spreading out business over multiple sectors protects a company from economic shocks to any one industry, and opens up access to more markets.  A quick peek at SEC filings for some of the most prominent camera manufacturers reveals that many of them have made a strong effort to put this concept into practice, and you might be surprised at how small a role consumer photography plays in their annual sales.
Read more…

Kodak Officially Emerges from Chapter 11 Bankruptcy

kodaksite1

It’s been a long and depressing tunnel, but Kodak has finally reached the light at the end. Over a year and a half after declaring Chapter 11 Bankruptcy, the once-great camera giant officially reached the end of its financial troubles yesterday. Read more…