Over the last couple of months, a political skirmish between Japan and China over the ownership of a set of islands has caused anti-Japanese protests all across China, affecting many of the Japanese manufacturing facilities. Some companies — most notably Panasonic and Canon — were forced to shut down operations and evacuate their premises as a result of the violent protests. Things got so bad that Chinese photographers had to camouflage their Japanese-brand cameras with red tape and Chinese flags.
Despite the political atmosphere in the world’s most populous nation, Canon has China squarely in its sights as it plans its next moves for international expansion. Read more…
Mark Zuckerberg did a lot of things wrong during the first half of 2012, leading up to and through Facebook’s few months as a public company. One thing he did well was buy Instagram for $1 billion. It turns out that was a bargain.
Back then, the photo-sharing app for Android phones and iPhones had 860,000 daily active users. Today it has 11 million. That is 1179% growth in six months.
They also point out that photo sharing site Pinterest, which has far less users, has in recent months turned down acquisition offers of over $2 billion. Instagram has 30.3 million monthly users, and just passed the 100 million registered users mark. These astronomical prices being thrown around make Yahoo’s $35 million — the rumored figure — purchase of Flickr look like an absolute steal. Too bad they haven’t been able to do much with the service so far.
After his daughter Lotte was born, Dutch photographer Frans Hofmeester began creating weekly videos of her to document her growth. Lotte recently turned 12, and Hofmeester decided to edit all the footage so far into this amazing time-lapse video showing twelve years of growing up in just under three minutes.
BBC Research has released a new report stating that the digital photography industry has an annual growth rate of 3.8%. Valued at $68.4 billion last year, the global market will reach an estimated value of $82.5 billion by 2016. The study defined the market as a combination of camera equipment, printing equipment, and complementary products. While the photo printing industry is predicted to struggle and lose $300 million between now and 2016, digital cameras and lenses will reportedly do just fine: they have a healthy annual growth rate of 5.8%.
Want to see how Las Vegas has grown from 1972 through 2010? NASA created this unique time-lapse video using photographs captured by Landsat satellites. From this perspective, it almost looks like humans are a mold spreading across the face of a fruit.
Canon’s president Tsuneji Uchida announced today that he will be stepping down to pave way for a younger management team as the company fell short of expectations for the second straight year. Canon’s stock price dropped 19% last year while Nikon’s grew 4%. The total number of Canon cameras sold dropped 4% last year, likely a result of both a shift away from consumer cameras and the shortages caused by Japan’s earthquake and Thailand’s flooding. However, DSLR sales are going strong:
Although Canon was affected by supply shortages caused by the quake and flooding, efforts to ramp up production and boost sales in response to robust demand resulted in significant increases in year-on-year sales volumes for such digital cameras as the competitively priced EOS Digital Rebel T3i/T2i/T3, along with the EOS 5D Mark II and the new EOS 60D advanced-amateur models.
Another big story in the camera world this past week was the passing of Sigma founder Michihiro Yamaki, who started the company in 1961 at the age of 27 by developing the first rear lens converter. He went on to lead the company for over 50 years, turning it into the largest third-party lens maker in the world. Yamaki passed away on January 18 at the age of 78 after a battle with liver cancer.
Instagram is holding onto its place as the darling of the mobile photo sharing world. After adding a whopping two million new users in a month thanks to Thanksgiving and the release of the iPhone 4S, the app now has a shiny new trophy for its shelf: it has been selected as Apple’s “iPhone App of the Year“. The future is looking extremely bright for the 13-month-old, 7-man company: Goldman Sachs recently designated it as a potential IPO candidate and founder Kevin Systrom expects the membership base to double once the Android version arrives.
This amazing image might look like a computer generated graphic, but it’s actually a composite photograph by NASA showing India’s population growth over the years. The white areas show the illumination visible in the country prior to 1992, while the blue, green, and red lights indicate new lights that became visible in 1992, 1998, and 2003, respectively. The four photos were tinted and then combined into an image that reveals where new populations are appearing. NASA definitely needs to do one for every country!