earnings

Samsung has experienced some steep declines in profit over the last couple of years and in its recent earnings report, the company has failed to turn that around.

Even Qualcomm, the company that makes the near-ubiquitous Snapdragon brand of smartphone chips, doesn't think many people are going to be buying smartphones -- at least not in the first half of 2023.

Over the next ten years, the number of photographers is expected to grow by 17%, or more than double the average growth rate for all industries, according to the U.S. Bureau of Labor Statistics (BLS).

With 2021 well and truly over, those manufacturers that align their finances to the calendar year are now producing their financial reports. Canon's latest figures reveal strong and sustained performance, even during the pandemic, which is a result of its shift to mirrorless camera manufacture and facilitating the beginning of a new market dominance.

After over half a century as a privately-held business, the Swedish lighting company Profoto went public today, listing its shares on the Nasdaq Stockholm stock exchange. As a public company, Profoto is now required to publicly disclose its financial performance for the first time.

Adobe's fourth-quarter earnings for 2020 blew past expectations and show dramatic year over year growth. Despite the camera industry suffering in 2020, Adobe brought in $3.42 billion in Q4 alone.

A new "Stock Coalition" made up of photographers, illustrators, animators, and filmmakers from around the world is calling for a "global shutdown of Shutterstock portfolios" to protest the recent change to the stock giant's royalty structure. The industry body is asking contributors to disable their accounts for "at least one week" starting today.

Yesterday, Shutterstock unveiled a new "earnings structure" (i.e. royalty system) on the company forum, and to say photographers are upset would be an understatement. Contributors are furious, going so far as to start a Change.org petition demanding that the change not go through.

It looks like things are getting back on track for GoPro after the company lost over $370 million last year. But its second quarter report shows that GoPro has increased revenue by 34% year-on-year, pulling in $297 million.

Adobe has received criticism ever since it first announced its Creative Cloud subscription program. But business has been booming since the launch, and that trend doesn't look like it's going to change anytime soon. In fact, it's on a clear upwards swing.

Here's the crazy corner Nikon is in: they can claim a modest 7% increase in operating income for the fiscal year that they just finished, but had far lower net sales and, with restructuring costs, had a significant loss. Nikon predicts that they'll recover to profitability next fiscal year, but with lower sales.

GoPro had a very rough 2016. The company released its Q4 earnings report yesterday, and the numbers reveal GoPro operated at a whopping $373 million dollar loss last year. Fortunately, there is hope for 2017.

GoPro just announced the financial results of its latest quarter, and things aren't looking very good for the flagging camera company. Investors were already bracing for the worst after GoPro slashed 7% of its workforce in January and announced a huge drop in camera sales.

Quarterly revenue has dropped ~31% from a year ago to $436.6 million, and the company lost $34.4 million in the quarter, GoPro says. In response, GoPro says it will be cutting down its camera lineup to offer just 3 main models starting in April 2016.

Yahoo announced yesterday that it will be cutting 15% of its workforce, or about 1,700 jobs, in an effort to bring the flagging Internet company back into profitability. The company will also be trimming and shutting down weak and non-essential businesses to focus on core products.

Unfortunately for photographers, Flickr will reportedly be one of the businesses that will see some cutbacks in the very near future.

GoPro has seen better days. The company just announced that it will be cutting its workforce by 7%, roughly 100 people, after seeing big declines in sales of its action camera.

Adobe announced its quarterly results last Thursday, and investors are happy: the company beat market expectations by doubling profits from a year ago thanks to a huge growth in Creative Cloud subscribers. It seems that the shift from boxed software to digital subscription plans is paying off big time for the San Jose, California-based company.

Canon announced its quarterly earnings today, revealing that its operating profit for the quarter (~$665 million) has fallen 21% compared to last year and that total revenue fell by 4.5%. At the same time, Canon increased its full-year earnings estimate due to a drop in the value of the Japanese yen.