Been a Nikon shooter for the last 40+ years. Got a nice collection of lenses and currently using a D810 full-frame and a D7100 FX Bodies. Love them both. Canon also makes good stuff. They are very generous with loaning camera equipment to established sports photographers so you see a lot of Canon gear there but overall? Not so much.
From DIY Photography:
CANON IMAGING PROFITS DROP BY NEARLY 60% IN Q3/2019
Canon recently released its Q3/2019 financial report and the results are once again pretty bad in the imaging division. The trend of declining sales and profits continues, with a 13.9% decrease in sales and a 56.8% decrease in profits compared to the Q3/2018.
At the beginning of this year, Canon predicted a grim future for the camera business. Canon’s president Fujio Mitarai said back then that the digital cameras market could shrink by 50% within the next two years. And it seems that this is happening.
According to the latest financial report, the overall camera sales have declined in the Canon Imaging System. The company notes that this is due to the impact of global market contraction, but they have still seen a growth in the unit sales of mirrorless cameras. However, the overall drop in net sales is decreased by 13.9% compared to the same period last year, while operating profit has declined by 56.8%.
Ouch! Markets change but it is the job of the CEO to see these changes happening and to compensate for them. They make good stuff but for a major manufacturer to take such a misstep hurts the entire market.
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