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As many know, Canon announced two new cameras this week, the Canon EOS R1 and the R5 Mark II. Canon Vice President Tsuyoshi Tokura spoke to Nikkei about what a camera like the R1 means for Canon and opened up about competition within the industry.

What Canon says and does is important to the camera industry because it is so dominant across large swathes of the sector. And as a publicly listed company, it is required to publish both its financial results and business strategy going forward. Canon recently updated its medium-term strategy, so where does it see itself in five years' time? In one word: dominant. More importantly, what does this say about the future for everyone else?

Camera manufacturers have long told us that the future was mirrorless and - as if there was any doubt - Canon and Nikon even joined the party as far back as 2018, yet compact cameras and DSLRs have stubbornly refused to die. With 2022 well and truly over, we can now safely say that it was the year of the mirrorless camera and this marks some profound changes across the board for the industry as a whole.

Earlier this month Olympus revealed some of the thought process behind the 2020 sale of its camera division in which the company jettisoned it in order to pursue greater stability and profitability from its broad portfolio of medical technology. This is in stark contrast to Nikon, which has wiped the slate clean and started again. What is going on with Japanese camera manufacturers and are there any lessons to be learned?

The death of the DSLR was always in the cards - as soon as Nikon and Canon entered the mirrorless fray in 2018 it was not a case of if, but when. However, what was perhaps not expected was the rapidity with which the sales rug would be pulled from beneath DSLR consumers' feet. It's all or nothing when it comes to mirrorless.

NFTs have been in steady decline for months, and new data shows just how bad it has gotten: digital collectibles have basically lost all of their luster and trading volume has collapsed by 97% since the beginning of 2022.

For the first time since 2010, more United States customers own Apple iPhones than Android-based phones. According to the data gathered by Counterpoint Research, the iPhone overtook the Android ecosystem this past June with a 50% claim of the U.S. market share.

In a question and answer document attached to its second quarter 2022 financial results, Canon responds to an inquiry about the future of the camera market by saying it believes it "has largely bottomed out at its current size."

The year 2020 saw digital camera shipments nosedive to a new low of 8.9 million units, down from 121 million units in 2010. It was believed it couldn't get any worse and, indeed, shipments stabilized in 2021. So why do sales appear to be in free-fall again?

Over the last decade, mirrorless camera technology has evolved to the point that it's now a welcome technology for many photographers and filmmakers. Although, along the way, it's not been an easy ride for the big mirrorless camera brands. User sentiment, Japanese earthquakes, the pandemic, and newer technology adoption have all taken their toll, leading to spot fires in the manufacturing process and camera uptake.

The news of falling camera shipments is like the dripping of a faucet. It comes with a regular, steady, beat, and just when you think it has stopped... plink, there it goes again! So perhaps it's no surprise that CIPA -- the trade body for manufacturers -- has a downbeat forecast for 2022, but strangely seems to have missed the good news!

It's the dawn of a new era for OM Digital Solutions (OMDS) -- Olympus as was -- as it forges a new beginning, with a new camera, bearing the new name, and the last to be emblazoned with the Olympus logo. Is this the start of a golden age for Micro Four Thirds (MFT) or simply the beginning of the end for both OMDS and MFT?

The global silicon shortage has resulted in a lack of supply across the electronics industry and the camera industry has been particularly hard hit. A new report alleges that the problem may be worse than some realize.

Buying a new camera is about to get even harder, as exploding demand in China led by "live commerce" has led to increased supply issues on a system that already cannot meet demand.

My fridge was recently full of instant film. I mean that literally, it was not possible for me to put any more packets of the film into the fridge without risking damaging them.

After Canon shared the development information on the impending 1D X Mark III last year, we called out that its specs not only blow away any previous notions of what a camera with physical moving parts could do but also noted that it's got all the makings of a great mirrorless camera... with a mirror.

After years of owning a near 100% share of the full-frame mirrorless camera market in Japan, Sony's monopoly is finally under attack. The latest sales numbers show that Canon has already jumped to a 22% share after the launch of its EOS R system.

Sony is the 800-pound gorilla of camera sensors these days, boasting a global market share of around 50% in late 2017, but increased competition may be looming on the horizon. Samsung is reportedly ramping up its image sensor production capacity with a goal of overtaking Sony for the #1 spot.

GoPro is reportedly laying off roughly 200 to 300 employees, mostly from the aerial division that works on the company's struggling Karma drone.

Canon has released its second quarter report, and things are looking better for sales of its mirrorless cameras.

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.