earnings

Canon Begins Transition to Mirrorless Market Dominance

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.

Profoto Goes Public, Reveals Financials for First Time

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.

Sony’s Sensor Domination Marches On as Record Profits Pour In

Five years ago, after seeing losses of $2.9 billion, Sony announced that it would be focusing its efforts on dominating three things: games, mobile, and image sensors. Well, the company just announced record quarterly profits and its ambitious plans for global sensor domination are still alive and well.

Nikon’s Year: Digging Into the Latest Financial Results in 2017

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 to Trim Lineup to Just 3 Cameras As Business Continues to Nosedive

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.

Flickr To Be Scaled Back As Yahoo Trims 1,700 Jobs

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.

Adobe Doubles Profits Thanks to Growth in Creative Cloud Subscribers

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 Profits Down 21% as Mirrorless Cameras Cut Into DSLR Sales

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.