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…
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…
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!