olympus

The camera industry is turning into a two-tier market, with Canon, Nikon and Sony DSLRs at the top, smartphones at the bottom and nothing in the middle, according to a recent Reuters report that finds little traction for mid-tier camera makers counting on mirrorless to save the day.

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.

Olympus is bringing the sleek design of its mirrorless cameras to the world of premium compacts. Yesterday it unveiled the new Stylus 1, a fixed-lens camera that borrows quite a bit of form from the company's popular OM-D line of cameras.

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.

Some would say that the Olympus accounting scandal is officially over, insofar as jail sentences (or, rather, the lack thereof) have been doled out by the Japanese justice system. Even the company's stock has rebounded and is currently sitting about 25% higher than it was before the dive it took when the company's seedy business dealings came to light.

But stocks rebounding and executives getting off almost scott free aside, Olympus' battle against the backlash from the scandal is far from over, as both Japanese and overseas entities continue to pursue legal action.

The Olympus OM-D E-M5's retro styling drew a lot of looks when the camera was first announced back in February 2012. Glowing reviews of the camera subsequently showed that it was more than just a pretty face.

Today, Olympus has finally unveiled a followup camera to continue the new OM-D line: the E-M1.

For travel shooters and those looking to keep their kit light, new Interchangeable Lens Compacts (ILC) have been a major boon. But the real beneficiaries of the rise of this new system -- still less than five years old -- are the companies that make them. However, in order to maximize those benefits, manufacturers of ILCs need to establish the format as viable and resilient. For some, that means working together rather than against one another.

It's the newly released Olympus E-P5 PEN. A 16.1MP Micro Four Thirds retro-styled pocket shooter capable of 9FPS. But will it raise your heartbeat to 100BPM? Let's find out.

The Olympus financial scandal -- you know, the one that was discovered all the way back in October of 2011 -- has been trying to reach a conclusion for some time now. But now that the Japanese justice system has reached a decision, many won't be happy with the end result. Namely: all of the major players in the $1.7 billion scandal have managed to avoid jail time entirely, at least for now.

In light of the ever-tightening bond between camera manufacturing giants, Olympus is rumored to be working hand-in-hand with Sony to bring their 5-Axis image stabilization technology to Sony's upcoming A-mount cameras.

Olympus is slated to begin developing and supplying Sony with lens parts and lens units in the near future as part of what has been called a "mutual parts supply". The news comes months following a formed alliance between the two companies in September 2012.

"The imaging sensor has already started to source from Sony to Olympus. And the lens [parts] and lens units will start to source from Olympus to Sony," said an Olympus Japan spokesperson in a recent statement.

Shoppers will soon have a tough time trying to pick up a cheap Olympus point-and-shoot compact camera. The company has said it is planning to do away with its V lineup of low-cost compact cameras, priced just under $200 at various retailers.

The move comes as the company anticipates a steep decline in its camera business, with forecasted digital camera sales this fiscal year expected to be about 2.7 million units, down from 5.1 million units last year. Olympus president Hiroyuki Sasa has put the financial loss from its camera business at about $225 million.

For those of you that were disappointed when you saw the price of Olympus' newly-announced E-P5 earlier, the company has another camera up its sleeve to help ease the pain. Although it's only been given a release date in Japan -- lending credence to rumors that it may never sell anywhere else -- the much rumored and leaked Olympus PEN Lite E-PL6 has also arrived.

After weeks of rumors and leaks, Olympus' new PEN E-P5 finally became official today. It's the company's new flagship Micro Four Thirds PEN mirrorless camera, and features both retro styling on the outside and powerful specs on the inside.

Olympus has a major camera announcement day coming this Friday, but the cameras it's planning to unveil--the E-P5 and E-PL6--have been almost fully revealed now. New leaks have revealed the full specs for the E-P5, photos of a fancy "premium" version of the E-P5, and product photos of the E-PL6 (shown above).

Less than a week after first photos of the upcoming Olympus E-5 leaked onto the web, new photos have emerged showing additional views of the flagship Micro Four Thirds camera.

Last month, a rumor emerged saying that Olympus' upcoming E-P5 flagship Micro Four Thirds mirrorless camera would have a design inspired by the old Olympus PEN F. Today the first photograph of the camera leaked on the web, confirming that it will indeed carry a sleek new retro styling.

Creativity and humor score big points with consumers. That's why photographers, camera companies and camera stores alike often employ one or both to get their customers' attention. Some of what we've seen in the past includes James Hodgins' Crappy Vs Snappy, Olympus' ziplock bags of walnuts, and Schick's razor photo fad.

The above video by Canada's The Camera Store is another prime example. Instead of making a bland announcement, they decide to film this fun and funny 'love story' to let their customers know the store will once again be carrying Olympus brand cameras.

Former Olympus president Tsuyoshi Kikukawa may soon spend up to five years of his life in prison for his role in Olympus' massive financial scandal that rocked corporate Japan back in 2011. Prosecutors allege that Kikukawa orchestrated a coverup of $1.7 billion in company losses, one of the biggest frauds in Japanese history and the country's equivalent of America's Enron scandal.

Rumors are starting to heat up about an upcoming Olympus E-P5, which would be the flagship PEN camera sitting on the highest tier (we briefly covered how Olympus' PEN lines are organized in our recent review of the E-PM2). The latest things being said about the E-P5 is that it will have a new retro design, no viewfinder, and a relatively high price point.

Olympus first ushered its PEN brand into the digital age back in 2009 with the E-P1. Since then, the lineup has split into three distinct tiers: the E-P line for standard PEN cameras, the E-PL line for smaller "Lite" models, and the E-PM line for even smaller "Mini" models. Goldilockean photographers can therefore choose the size and feature set most appropriate to their needs (and hands).

It looks like we'll be seeing at least two new DSLRs appear on the market between now and the end of this year. The latest rumors are saying that Canon will be launching a successor to the 60D shortly -- perhaps by the end of this month -- and that Olympus will be following up its E-5 DSLR with another pro-level Four Thirds DSLR body.

A couple of new photographs of the Olympus XZ-10 high-end compact camera have leaked, revealing that the camera will look pretty similar to the current XZ-2.

Here's a sneak peek at Olympus' upcoming high-end compact camera, the XZ-10. It will likely succeed or be sold alongside the Olympus XZ-2, which features a 1/1.7-inch sensor and competes directly against the semi-large-sensor compacts of other manufacturers (e.g. Nikon P7700, Canon G15).

Google has been working some time now on a camera-equipped device that's worn over (or above) the eye. Olympus has something similar going on, but instead of a full-fledged camera, their device only serves as an external viewfinder for a separate digital camera.

In a recent interview with Quesabesde, Miguel Angel Garcia, the CEO of Olympus Spain, dropped another "official" hint at what the camera company is cooking up to replace the E-5. The subsequent article, which initially said that the camera would be compatible with both Micro Four Thirds and Four Thirds Lenses, has since been reworded to state simply that the replacement for the E-5 will be "capable of harnessing the full potential of Four Thirds lenses."

Well, if you thought the drawn-out drama of the notorious Olympus accounting scandal was over -- we definitely did -- you were wrong. It seems that white collar criminals not included in the original seven people arrested in the case shouldn't take the yacht out of the marina just yet (or maybe they should), because, as former bank executive Chan Ming Fon learned yesterday, the FBI is still looking for you.

The Canon EOS M is quickly becoming the laughingstock of the mirrorless party due to its autofocus system, which leaves much to be desired in terms of speed. To show just how sluggish the system really is, Tomek Kulas over at M43.eu did this very simple yet informative "hands-on test" that pits the EOS M against one of its archrivals: the Olympus OM-D EM-5.

Olympus currently offers a $144 adapter called the MMF-2 for photographers who want to use an existing collection of Four Thirds-mount lenses on a Micro Four Thirds camera. The accessory makes the lenses mountable and acts as a middleman between the lenses and the cameras, but its features pretty much end there. It appears that Olympus is working on a much fancier adapter: one that actually contains lens elements and contains focusing/stabilization features as well.

Attention Micro Four Thirds shooters: there's a new speedy "35mm prime lens" headed your way. Okay, it's actually a 34mm equivalent lens in 35mm terms, but it still boasts a f/1.8 aperture. It's the new Olympus M.ZUIKO 17mm f/1.8, a lens that designed for street photography, landscapes, and shooting in low-light environments.

Intellectual Ventures has announced a settlement with Olympus over a patent infringement battle launched against the camera maker back in September 2011. The patent-holding company, one of the top 5 owners of patents in the United States, is infamous for its "patent trolling", or making money simply by licensing patents from companies and then suing other companies for infringement.

Japanese electronic industry analysis company BCN has published a new report (in Japanese) on the current landscape of the mirrorless camera industry. Using data gleaned from retailers and manufacturers over in Japan, it reports that three companies -- Olympus, Sony, and Panasonic -- account for nearly 70% of mirrorless camera sales in Japan. Nikon and Canon, both relatively late to the mirrorless game, are fourth and fifth (respectively), with a combined share of 22%.

For those of you who are desperate for Olympus to release a focus peaking feature for the OM-D EM-5, did you know that there's a trick you can use for "ghetto focus peaking"?

A French photographer named Nicolas recently found that the camera's "Key Line" Art Filter actually works quite well as a focus peaking feature. Simply turn on the filter, set your camera to shoot RAW+JPEG, and focus/shoot away. You can throw away the artsy-filtered JPEG files afterward, but the RAW photographs will be precisely focused thanks to the clever "hack"!

Watch out Lensbaby. A recently published Olympus patent (No. 2012-199834) suggests that the Japanese camera company may be developing a selective-focus tilt lens of its own. The patent describes a technique for compensating for the "color shift" and image degradation that occur when using a tilt lens.

It was almost exactly one year ago that Olympus fired then-CEO Michael Woodford and started a chain of events that culminated in one of the largest financial scandals in Japanese history. Woodford received an incredible amount of international attention for his role in the saga, since he was one of the highest ranking executives ever to turn into a whistleblower.

He may have lost his $8-million-a-year job, but he likely won't ever need another: in addition to settling for a reported $15.5 million over the breakup, Woodford is also cashing in by writing a book that offers his account of what transpired.

The Olympus OM-D EM-5 is a powerful little camera, but what owners are using these days many only be a portion of what the camera is fully capable of. 43 Rumors writes that an anonymous hacker is claiming to have hacked the camera using some firmware update trickery. What he or she found was quite interesting: hidden and locked features such as clean HDMI 4:2:2 output and focus peaking!

One of the stranger announcements last month was Olympus' new 15mm lens that doubles as a body cap for your camera. If you've been wondering, how the quirky $110 lens performs, check out these sample photos by UK photographer Peter Norman shot using an Olympus OM-D EM-5.

Sony has agreed to pour $645 million into Olympus in exchange for 11.5 percent of the embattled company, becoming the single largest shareholder. While the companies announced that they are considering cooperating in the digital camera industry, the main motivation for Sony wasn't photographic imaging but body imaging. Olympus is one of the major players in the medical endoscope market, holding about 70% of sales, and Sony's investment allows it to dip its toes into this lucrative industry.

It looks like the Olympus financial scandal is finally coming to an end. It has been nearly a year since it came to light that there were massive cases of fraud and coverups going on in the upper echelons of Olympus management. What started as a CEO's firing quickly spiraled into one of the biggest scandals to ever hit corporate Japan -- the country's equivalent of the US' Enron fiasco.

In the end, a number of the company's top executives were arrested after submitting their resignations. The trials for those former bigwigs are only now starting to get underway. Three of them, including former chairman Tsuyoshi Kikukawa (pictured above), pleaded guilty today to charges of falsifying accounts and covering up more than $1 billion in losses. The camera company itself also filed a guilty plea.

After Osama bin Laden's death in May 2011, there was immediately a public outcry for the release of photos showing his dead body. The AP even took legal action to force the publication of the images, but that effort was squashed by a federal judge earlier this year.

While it's unlikely that we'll ever set eyes on the photos in question, more information on how they were captured is emerging.