Samsung Needs AI to Succeed as It Reports Weakest Earnings in 10 Years
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.
Facebook Whistleblower Revealed, Says Company Picks Profits Over Safety
The Facebook whistleblower has revealed herself to be Frances Haugen, and she took to CBS's 60 Minutes to provide a detailed account of what she calls a company that is unable to choose safety over profits.
Canon: Imaging Profits Down 80% in Q1, But the Worst is Yet to Come
Canon released its Q1 financial report earlier today, and while the impact of COVID-19 has been felt across all of its various businesses, the Imaging Business experienced the most brutal declines. Worse yet, Canon predicts that Q2 will be even more painful.
Nikon Says Its Cameras Need to Justify Their Existence as a Business
The digital camera industry has been nosediving as of late, and Nikon is feeling the pain. In its latest financial results, Nikon revealed some grim numbers and an even darker forecast. The company's business of selling cameras and lenses will no longer be its biggest revenue-generating segment.
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.
Adobe Reports Record Revenue in 2016, Made $5.85 Billion this Year
Adobe took a lot of crap from the photo community for switching to the Creative Cloud subscription model, but all of that criticism seems to have been worth it. According to the company's recent earnings report, business is booming.
GoPro Stops Selling Hero5 on Amazon, Stocks and Sales Suffer
You may not know this, but you can't buy the GoPro Hero5 or Hero5 Session from Amazon right now, and it's not because they're not available to order. The issue is a squabble over pricing that may have cost GoPro as much as $10 million.
Canon Profits Dip, but ILC Sales Hold Steady Despite Industry Trends
If you've heard a single camera sales summary sometime in the last decade, you know camera companies have been struggling. But while Canon's Q1 2016 financial statement did show a dip, the camera company's ILC sales performed better than you might have expected.
Canon Australia Will Lay Off a Tenth of Its Staff After Profits Fell Almost 90 Percent
Financial hard times from the slaughter of the compact camera market aren't limited to one company. And while we try to stay away from the gloom and doom news when possible, the news that Canon Australia's profits dropped almost 90 percent in 2013 compared to 2012 made us do a double take.
Olympus Stands to Post a Profit in 2014 as Mirrorless Sales Climb
Olympus' decision to put all its chips on the mirrorless market seems to be paying off, with the once-troubled company finally poised to register a profit next year after several quarters of losses.
Canon Sales Fall Short of Expectations, Sigma Founder Passes Away
Canon's president Tsuneji Uchida announced today that he will be stepping down to pave way for a younger management team as the company fell short of expectations for the second straight year. Canon's stock price dropped 19% last year while Nikon's grew 4%. The total number of Canon cameras sold dropped 4% last year, likely a result of both a shift away from consumer cameras and the shortages caused by Japan's earthquake and Thailand's flooding.