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.
(via Amateur Photographer and PopPhoto)
Image credit: Broken filter! by -AX- … off until may!
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!
Nighttime Lights Of India (via Business Insider via Photojojo)
P.S. The image is currently being circulated around the Internet as a photo that shows the Hindu celebration Diwali (AKA the “festival of lights”). Unfortunately, that’s not true.
Alexa’s traffic reports seem to show that photo sharing service 500px is growing like a weed. The site has received quite a bit of coverage as of late.
Since we first covered its launch back in October 2010, Instagram has become one of the fastest growing photo-sharing companies and iPhone apps. This week founder Kevin Systrom announced that they now have 4.25 million registered users, and that users are posting 10 photos every second, or around 900,000 photos per day. Not bad for a seven month old service, eh?
(via TechCrunch via Small Aperture)
P.S. Just for comparison’s sake, after 5 years Twitter has over 200 million members that post about 2,000 Tweets per second.
Nikon’s new president Makoto Kimura believes that the explosive growth of the digital camera market is ending, and that the market is near its saturation point.
Kimura was previously the head of Nikon’s imaging business and instrumental in leading the company from its film photography business to the new world of digital.
At a news conference in Tokyo today, Kimura stated,
Nikon’s imaging business has been expanding quite steadily over the past 10 years. ‘But can it enjoy the same stable growth for the next 10 years? The answer is no,’ Growth for existing digital camera products will inevitably slow and they are set to move into a phase of saturation. I intend to keep dialogue open for everyone to decide what we should do to achieve further growth despite this trend.
Digital photography exploded between 2000 and 2010, with compact cameras being widely adopted and DSLRs becoming more and more accessible to ordinary consumers. Kimura believes that camera companies will now need to look for new directions to grow besides introducing digital cameras to new users.
What do you think will characterize this next decade in digital photography?