Nikon in serious financial trouble
Jan 19, 2021 15:57:13 #
Going to lose $720 million dollars this year---Canon to make '$616 million dollars.
Jan 19, 2021 16:05:10 #
Please stay on top of this and keep us posted.
--Bob
--Bob
LEWHITE7747 wrote:
Going to lose $720 million dollars this year---Canon to make '$616 million dollars.
Jan 19, 2021 16:21:58 #
Jan 19, 2021 16:23:42 #
Jan 19, 2021 16:29:51 #
LEWHITE7747 wrote:
Camera's have been usurped by cell phones 87% of the market is gone.
How many of those using cell phone cameras might have purchased a full bodied camera?
100%?? 50%?? 5%?
Hey, my cell phone has a camera in it...
Jan 19, 2021 16:39:51 #
The recent epidemic has caused many to seek better options than cell phone cameras. After the epidemic runs its course will be interesting to see how many continue in their new found hobby. Despite how many continue I'm afraid cameras as we know them will fade from the landscape. Mine, they will have to pry from my cold, dead hands!
Jan 19, 2021 16:40:47 #
petrochemist
Loc: UK
I'm sure I've seen reports of Nikon's impending bankruptcy, at least every other year since I started going on photo forums (~10 years). It's almost as frequent as the reports of Pentax disappearing.
Jan 19, 2021 16:43:35 #
They have been struggling for years and will try and gain some traction in the mirrorless full frame world.
Jan 19, 2021 16:47:10 #
LEWHITE7747 wrote:
Going to lose $720 million dollars this year---Canon to make '$616 million dollars.
•YAWWWWN•
Howbout themMets huh ?
Jan 19, 2021 16:50:57 #
Not sure of source, but if true, very concerning. Canon is an imaging company with a pretty diverse portfolio of products. Nikon is not. Canon is worth about 28 Billion dollars. Nikon is a camera company is not valued at a fifth of that (from a quick internet search...might be wrong.)
As a dedicated Oly shooter, I am afraid that the entire camera market is in disarray. Unless there is some sort of innovative market disrupter, kind of like Tesla vs the car industry, then the number of camera manufactures will wane. I must say that when people ask me what camera system to enter into, I usually suggest Canon...They're one of the few big dogs on the porch.
As a dedicated Oly shooter, I am afraid that the entire camera market is in disarray. Unless there is some sort of innovative market disrupter, kind of like Tesla vs the car industry, then the number of camera manufactures will wane. I must say that when people ask me what camera system to enter into, I usually suggest Canon...They're one of the few big dogs on the porch.
Jan 19, 2021 16:56:15 #
LEWHITE7747 wrote:
Going to lose $720 million dollars this year---Canon to make '$616 million dollars.
What is your source? What do you think it means? Why do you think it is important?
Jan 19, 2021 16:58:21 #
User ID wrote:
•YAWWWWN•
Howbout themMets huh ?
Howbout themMets huh ?
The Padres are building an impressive pitching staff.
Jan 19, 2021 16:59:36 #
Wonder how much of the 616 million profit is from their camera business?
Jan 19, 2021 17:00:30 #
RWebb76 wrote:
Not sure of source, but if true, very concerning. ... (show quote)
If you’re not sure of the source, why are you quoting it?
Jan 19, 2021 17:00:31 #
You are right that the camera industry will never be the same. Sony, Canon, and Fugi are safe, but the rest are in a bad way. Olympus being sold to the Japanese company might be the death knell for the company unless they put a lot of time and effort in supporting a great technology company. Camera's were a small part of Olympus.
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