Nikon profits down even more than Canon
Aug 7, 2019 21:42:19 #
quixdraw wrote:
One of the few times we disagree. Example, the 200-500 stunningly good for the price, esp with rebates and discounts. Other specific examples available.
I don't think we disagree that much. But have you shopped for accessories? $300 plus for a battery grip!!! I just got battery grips for D500, D610 and D7100 from Vello and Green Extreme for a lot less than it costs for one Nikon brand. $500 plus for a flash unit!!! I just got a set of two with remote controllers for way less than one Nikon brand without the controllers. Big bucks for spare batteries. Their refurb and used camera and lenses are astronomical. The one exception is, and I agree with you, the 200 to 500mm. It's very good for a decent price. But it's not one of their premium lenses. I think that if they knew how good it was and how well it would sell it would have been priced at double what it's selling for. I don't know Canon, maybe they are just as bad.
Aug 7, 2019 21:58:23 #
We buy / need different stuff. I don't care for grips - an extra battery is lighter and easier to carry. Flash / useful on occasion, used, older high end Nikon, excellent. Thing to remember, back in the day, they were top of the line pro stuff - some time in the late '60's, can't recall the year - I was managing a retail Camera department, they went consumer with a bunch of products, but they vacillate, or adapt? Whatever it is you buy, up to you - certainly lots of good off brand.
Aug 8, 2019 05:48:00 #
A wise man (sounds American) said "stack 'em high - price 'em low).
The original manufacturer has to cover R&D costs - those who copy don't.
The original manufacturer has to cover R&D costs - those who copy don't.
Aug 8, 2019 06:51:45 #
robertjerl wrote:
https://nikonrumors.com/2019/08/06/nikons-1st-quarter-fy2020-financial-results-are-out.aspx/" rel="nofollow" target="_blank">https://nikonrumors.com/2019/08/06/nikons-1st-quarter-fy2020-financial-results-are-out.aspxhttps://nikonrumors.com/2019/08/06/nikons-1st-quarter-fy2020-financial-results-are-out.aspx/I just saw an article that Nikon is down 71%, if correct that makes Canon's 55% look good.
Aug 8, 2019 06:57:04 #
All fun commentary, but remember that both Nikon and Canon make other things besides cameras and lenses.
Have a look at Nikon's site: https://www.nikon.com/products/ - note they make industrial stuff like steppers (to make IC chips) and god-knows-what else.
And of course we all know Canon makes home printers - but they're also in the industrial biz... https://global.canon/en/product/indtech/
The point is, while we focus (pun intended) on the DSLR/consumer lens side, they both do plenty of other things that no doubt impact their bottom lines.
Have a look at Nikon's site: https://www.nikon.com/products/ - note they make industrial stuff like steppers (to make IC chips) and god-knows-what else.
And of course we all know Canon makes home printers - but they're also in the industrial biz... https://global.canon/en/product/indtech/
The point is, while we focus (pun intended) on the DSLR/consumer lens side, they both do plenty of other things that no doubt impact their bottom lines.
Aug 8, 2019 07:37:13 #
billnikon
Loc: Pennsylvania/Ohio/Florida/Maui/Oregon/Vermont
robertjerl wrote:
I just saw an article that Nikon is down 71%, if correct that makes Canon's 55% look good.
PROFITS, not LOSES. There is a big difference. They, like Canon, are still making LOTS of money.
Besides, the new mirrorless sales have not been added in as sales releases are generally slow when coming out and may even be for last year.
Aug 8, 2019 07:45:55 #
ggab
Loc: ?
f8lee wrote:
All fun commentary, but remember that both Nikon a... (show quote)
Canon's biggest $$ market is corporate Enterprise Printers. That market is also in decline due to changes in the way information is disseminated.
The Japanese mfg's. have done a great job at commoditizing the corporate enterprise printer market. They reduced prices so low in the attempt to maintain market share and keep the factories open that their profit margins are next to nothing. After all, all of the companies we discuss are really manufacturers. Their biggest concern is keeping their factories alive. They are maintaining market share at the cost of profit. Certainly not a sustainable strategy.
They are now in the process of doing the same thing to the High Volume printer market. Every time they commoditize a market, they lose profit.
Oddly, they have resisted commoditizing the DSLR market, yet they are losing revenue and profit to cell phones.
I suspect we will see a consolidation of companies over the next 10 years.
Aug 8, 2019 08:21:55 #
ggab wrote:
Canon's biggest $$ market is corporate Enterprise ... (show quote)
Well, I'm not privy to Canon's sales data but given the huge prices of things like lithographic machinery I wonder if printers are the biggest market.
Aug 8, 2019 09:02:07 #
Bird Dawg
Loc: Georgia
This means it is very bad for both companies and the industry which we enjoy and benefit from. Sad. ( Something has to give - we all know profits drive a company )
Aug 8, 2019 09:27:48 #
Aug 8, 2019 09:47:04 #
Dalek wrote:
Sounds like a merger is in the future.
Oh no! Let’s hope not!
Aug 8, 2019 10:09:31 #
f8lee wrote:
Well, I'm not privy to Canon's sales data ...
Sure you are. It's a public corporation. Use Google to find the quarterly and annual reports. Their sales, at the very least, will be broken down by division. If you read it all you will know more about the company than most of their employees.
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Aug 8, 2019 10:25:29 #
Well, Bill, I don't care to - my point is that all this blathering over Canon's vs Nikon's profits is focused only on their respective camera businesses, when in fact that is not all either of those companies do. meaning the opinions on here are a waste of time - unless someone does want to do their homework and see what is going on. I invite you to do just that!
Aug 8, 2019 11:24:46 #
I wonder which manufacturer has a more diversified product line. I mean imaging equipment and software say, for instance, military, civil and medical applications. That diversity may be the reason that Canon can counteract the retail consumer camera slump. I don't know. Does anyone know how diversified these two are?
Aug 8, 2019 11:28:28 #
robertjerl wrote:
If Nikon's profit margin is greater that means that compared to Canon their stuff is over priced.
Even the financial people at big corporations don't completely understand their financing. Profits, projections, losses - these things can be easily manipulated.
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