Posts Tagged ‘sales’

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

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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…

Instagram Becoming Hot New Marketplace for Unrestricted Gun Sales

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From antique pistols to high-powered assault rifles, Instagram has emerged as the leading online marketplace for guns. And, even more troubling, it seems few of the sales violate the law or even Instagram policy. Read more…

Lenstag Now Has Disposable Verification Links for Used Camera Gear Sales

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Lenstag generated quite a bit of buzz last week by introducing a service that aims to crack down on gear theft by making it easier to track and report stolen gear. The service is now getting a new feature that will further add trust to the used gear buying process: disposable verification links for individual items.
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The Interchangeable-Lens Camera Market is Now Bigger Than Point-and-Shoots

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It’s official — the point-and-shoot market is dying, while DSLRs and other interchangeable lens systems champion the cause for standalone cameras.

A new report from retail researchers NPD tallies U.S. sales of $2.1 billion worth of interchangeable lens cameras between June 2012 and May 2013, an increase of 5 percent over the same period a year ago. U.S. sales of compact cameras, meanwhile, plunged 26 percent, to $1.9 billion. This is the first time interchangeable lens cameras have surpassed the sleek-and-shiny segment.
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Snapsation: A New Website Where Clients Can Connect with Local Photographers

Photographers need clients, and clients need photographers (even if they don’t always think they do). The issue is that most clients have no idea how to find good quality local photographers; they have no place where they can find reviews, look through work and pricing, and compare photogs side-by-side. In lieu of other options, many amateurs in particular get work through a quality website, cold calls and word of mouth.

Photographer, developer and Google+ founding member Chris Chabot is trying to streamline this process with his new website Snapsation: an online marketplace where clients and the photographers they need can do business. Read more…

Why I’m Ditching Getty Images in Favor of Stocksy for My Stock Photo Sales

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Dear Getty Images: I quit.

I just sent Getty Images the email above, which, I think, is how I terminate my relationship with them. Hopefully. I’m not 100% sure, but I can’t seem to figure out any way to do it online, so I’m hoping that email works.
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Nikon Reports On Its Money-Making: 2.9% Drop in Revenue, 3.4% Drop in Profit

Last week, Canon reported its latest quarter’s financial results, which included some big double-digit drops in revenue and profit. Now it’s Nikon’s turn to show the world how it’s finances are doing. The company reported its latest quarterly results yesterday, and the numbers are decent.
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The Current State of the Mirrorless War

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%.
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Camera Sales Falling Around the World as Smartphoneography Erodes Demand

Businessweek writes that Canon has lowered its sales estimates across all its camera lines, saying that smartphones are drinking its milkshake — and it’s not just Canon:

Global camera sales are expected to fall 4.3 percent this year to 115.2 million units, according to market researcher IHS. Industrywide camera shipments fell 25 percent in August from a year earlier, according to the Camera & Imaging Products Association in Tokyo.

By comparison, global sales of smartphones […] rose 32 percent to 146.1 million units in the second quarter, according to market researcher Strategy Analytics.

“We lowered our camera sales projection because of slower economic growth and an increasing use of smartphones that’s eroding demand,” [Canon] Chief Financial Officer Toshizo Tanaka told reporters in Tokyo today.

This year, compact cameras are projected to have the worst demand since 2009. Who would have thought that digital cameras would be struggling as digital photography booms?

Canon Reduces Forecasts as Smartphones Start Replacing Cameras [Businessweek]


Update: Canon has announced its latest quarterly results. Revenue is down 13% and profit is down 42%.


Image credit: Fotógrafo / Photographer by ajgelado

DSLR Sales Surging Despite Onslaught from Camera Phones

Over the last year or so, as camera phones and “phoneography” have taken off, many have feared and/or expected the death of the digital camera. In many ways this fear has come to fruition — point-and-shoot cameras are becoming a thing of the past — but for another segment of the market, the advent of the camera phone has benefitted companies and consumers alike. Read more…