Nikon, Canon and Sony sales down
Nov 13, 2015 19:23:42 #
Last quarter reports of sales show across the board sales drops, with Sony coming out on the short end of the stick overall, Canon compacts took the biggest segment hit:
Nikon system cameras down 11.1%
Nikon lenses down 10.1%
Compact cameras down 11.1%
Sony digital cameras down 27.2%
Canon system cameras down 17%
Canon compact cameras down 29%
Nikon system cameras down 11.1%
Nikon lenses down 10.1%
Compact cameras down 11.1%
Sony digital cameras down 27.2%
Canon system cameras down 17%
Canon compact cameras down 29%
Nov 13, 2015 19:42:26 #
Nov 13, 2015 19:44:08 #
Nov 13, 2015 19:47:42 #
Nov 13, 2015 20:21:42 #
Nov 13, 2015 20:35:12 #
Nov 13, 2015 21:06:42 #
Low Lids
Loc: Gainesville, Florida
Just wondering how cell phones did during the same time frame? If they were affected too or were their sales on the upswing? From what I understand, because of the millions of willing cell phone users, many news and weather agencies have reduced or done away with their photographers and are relying on cell "phoners' to send in pictures and videos of happenings at no cost to the agencies. Amazing what technology has done! Perhaps being a country relying on a "Service" economy wasn't the best idea!
Nov 13, 2015 21:18:42 #
MT Shooter wrote:
Last quarter reports of sales show across the board sales drops, with Sony coming out on the short end of the stick overall, Canon compacts took the biggest segment hit:
Nikon system cameras down 11.1%
Nikon lenses down 10.1%
Compact cameras down 11.1%
Sony digital cameras down 27.2%
Canon system cameras down 17%
Canon compact cameras down 29%
Nikon system cameras down 11.1%
Nikon lenses down 10.1%
Compact cameras down 11.1%
Sony digital cameras down 27.2%
Canon system cameras down 17%
Canon compact cameras down 29%
The numbers are hard to compare since there are several factors at play. Sony reported fewer cameras being sold. But a higher percentage of those cameras were high end A7Rii and A7Sii which skewed the profit numbers as well as the more favorable exchange rate.
Here are the Sony figures I am seeing: (dated Oct 29, 2015)
They are reported as Q2 and perhaps Sony uses a different calendar year since the numbers are dated Oct 29.
from:
http://www.dpreview.com/articles/0427556344/sony-s-latest-financial-results-show-camera-unit-sales-down-operating-income-up
Sony has released its Q2 2015 financial results, posting a 3% decline year-on-year in imaging product sales on a constant currency basis. However, demand for high-value added models, favorable exchange rates and internal cost reductions led to a bump in that group's operating income - up to ¥25.9bn ($216m) compared to 20.1bn this time last year. Overall, the company has posted an ¥88bn operating income at the end of its second quarter.
Looking ahead, Sony has cut its forecast for the imaging division's financial year. It predicts ¥720bn in sales, a ¥10bn reduction of the forecast made in July, but pins the blame on the impact of changing foreign exchange rates for the decrease. The company has actually increased its unit sales prediction for the year, but believes changes in exchange rate will offset some of the value in those sales. Sony has also raised the segment's operating income forecast, counting on the continued shift toward higher value models to push profitability upward.
As for Canon:
http://www.imaging-resource.com/news/2015/10/30/and-now-canons-real-q3-2015-financial-results
In regards to Canons imaging division, the numbers tell a story weve been hearing for a number of years now sales are down and not necessarily looking any brighter. Third quarter camera sales came in at 302 billion yen, a decrease of 4.2% year-over-year. Operating profits of the imaging division also took a hit, down 3.8% year-over-year. For the year to date, the numbers look even worse, with sales dropping 4.6% and operating profit down 11%.
An here are some Nikon numbers:
Nikon has become the latest camera maker to report falling demand in a shrinking market.
image: http://keyassets.timeincuk.net/inspirewp/live/wp-content/uploads/sites/12/2015/08/Nikon-D750-547x400.jpg
Nikon D750
The Nikon D750 saw an upswing in sales
Global demand for Nikon interchangeable-lens digital cameras dropped 11.1% for the three months to 30 September 2015, while unit sales of Nikon lenses fell 10.1% compared to the same quarter a year earlier.
Nikon sold 960,000 interchangeable-lens digital cameras from 1 July-30 September 2015 and 1.33 million lenses.
However, Nikon said the D750 and D7200 DSLRs saw an upswing in sales.
Compact camera demand also declined by 11.1%, according to financial results published on the Nikon website.
The firm explained that net sales for the Imaging Products Business dropped 5% year-on-year owing to the impact of the shrinking market.
Although operating income was higher than initially projected, due to improvement in the product mix and cost reduction, it declined 11.9% year on year.
Last month, Sony reported that unit sales of its digital cameras fell 27.2% for the three months to 30 September 2015 compared to the same quarter last year.
And demand for system cameras at Canon fell 17% from June to September 2015 compared to the same period a year earlier.
Unit sales of compacts fell 29%, while total digital camera sales at Canon declined 24%.
Read more at http://www.amateurphotographer.co.uk/latest/photo-news/nikon-is-latest-camera-maker-to-suffer-sales-drop-65540#8fqA5mmbyz0X5cxI.99
Nov 13, 2015 22:09:06 #
When the economy's in a slump, the sale of luxury items are effected the most. Cameras are at least to some extent luxury items. (Obviously not in all cases - industrial use, security cameras, etc.) But enough to have an impact on sales during economic down turn.
Nov 13, 2015 22:33:13 #
I saw an item in the summer that identified a DSLR as a luxury item and no longer a consumer item. The link I found doesn't read exactly as the item I remember. But, it does covers some of the issues where most people don't need DSLR quality images, but more importantly: they don't need nor want DSLR level complexity. http://www.eoshd.com/2013/10/consumer-dslrs-dead-5-years/
Nov 13, 2015 22:42:02 #
CHG_CANON wrote:
I saw an item in the summer that identified a DSLR as a luxury item and no longer a consumer item. The link I found doesn't read exactly as the item I remember. But, it does covers some of the issues where most people don't need DSLR quality images, but more importantly: they don't need nor want DSLR level complexity. http://www.eoshd.com/2013/10/consumer-dslrs-dead-5-years/
I wonder if the proliferation of cell phones and the improvements in their camera technology might be factors
Nov 13, 2015 22:44:42 #
Don't worry. Everyone is going to buy mirrorless, the latest craze. Also, Nikon users will buy Canon, Canon users will buy Nikon and Sony will enjoy profits from other divisions.
Nov 14, 2015 00:19:20 #
Not just cell phones, don't forget all those people waving iPads and other tablets around.
Nov 14, 2015 02:41:03 #
I've been reading financial reports for the last 30 years, and the only thing they tell me is that accountants are becoming more imaginative than ever in when, where and how they enter "unimportant" little items like adjustments in depreciation rates, acquisition/disposal rates, financing adjustments, etc.
What I want to see is how many cameras in each category (let see some standardized categories) they sold last year and this year (final sales only). I'd also be interested in seeing how much sales fluctuate based on the number of sales of each brand when another company introduces a comparable brand. The tortoise wins the race!
What I want to see is how many cameras in each category (let see some standardized categories) they sold last year and this year (final sales only). I'd also be interested in seeing how much sales fluctuate based on the number of sales of each brand when another company introduces a comparable brand. The tortoise wins the race!
Nov 14, 2015 04:02:34 #
jfn007 wrote:
Under the reign of Obama the Inept, many items have seen a drop in sales across the board. The unemployment level is between 5-6% only because 92 million Americans have stopped seeking jobs and are not reported as unemployed. Americans have seen their disposable incomes reduced by $2,500-$5,000 a year depending on which source you choose. I would not be too concerned about the health of Canon and Nikon.
How I see it! That many millions of phone user are quite happy with the images they get. So why should they drag a bag camera lenses around? For quality work you need the correct tools as we all know who frequent this forum. Standards of work quality job satisfaction have fallen through the world. So my point is that average images are acceptable. The use of the available software does render the images OK. All ways remember that photos are taken for our own pleasure, thats why I have no problem in strapping my kit on.
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