As part of Japan's record $993 billion emergency COVID-19 stimulus package, the country has allocated a full $2.2 billion to help Japanese companies move their production out of China. The change could have a major influence on camera and lens makers.
Adobe has released its Q4 financial results for the 2019 fiscal year, revealing that it has surpassed $11 billion in annual revenue for the first time in the company's history, and posting an incredible 24% growth year-over-year.
The back and forth between Olympus and the public continues, and the news is grim. After officially denying rumors of an imminent imaging business shut down, Olympus' CEO backtracked on some previous comments today, implying that the company's camera business may be up for sale.
A few days after online speculation sent the Micro Four Thirds world into a panic, Olympus has come out to officially deny rumors that it's planning to shut down and/or sell its camera business within the next year... or ever.
Kodak released its Q3 revenue report yesterday, and while the company is reporting a year-over-year loss of $5 million on total revenues of $315 million, there's a very interesting bright spot in the finances: revenues for Kodak's film business grew by 21 percent year-over-year for Q1 through Q3.
Last week, Nikon released its financial results for the last fiscal year (ending in March) and things aren’t looking good. The company missed financial forecasts yet again, closing at a three-year low that, it seems, has prompted Nikon to do some serious restructuring within the company.