Canon Sales Continue to Plummet

Samuel H said:
The Japanese way is that the company makes it known that they want workers to leave, so workers start looking for jobs elsewhere, and whoever can get one leaves the company. At least I read it was like that years ago, no idea if it has changed (younger generations are not playing by their parents' rules).
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Seems like a big problem if all the good employees who can find a job elsewhere, while the incompetent employees who can't find anything else are left behind at the company!
 
IronFilm said:
Seems like a big problem if all the good employees who can find a job elsewhere, while the incompetent employees who can't find anything else are left behind at the company!
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*cough* adobe *cough*

:engel017:

(Couldn't resist... partly because I know people who worked there... and advised me against applying.)
 
NorBro said:
Someone's eventually going to make a thread about it...but the C300 Mark III is loaded!

$10,999 - https://www.bhphotovideo.com/c/product/1557488-REG/canon_3795c002_cinema_eos_c300_mark.html
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He said the body is the same as the C500 MKII? So that ugly rumor about no on body XLRs was hopefully wrong. He was pretty light on details overall. Same price as the FX9. I never got also if it could record CRL to dual cards but once again
if it's the same as the C500 MKII body, should be able to. No RF mount. I knew they wouldn't put it on.
 
Canon's Imaging Division profits are down 82% for the 1st (Jan-March) Q of 2020. Covid is blamed but most countries didn't go into full lockdown - of those that did go - until mid-late March. Canon is blaming the supply chain problems from China but that implies that the whole of China was locked down (it wasn't, only Hubei was) and the existing inventory of the already finished cameras and the required components was already exhausted. And that is hard to believe.

No question the virus associated complications played a role but to make even a ballpark estimate is nigh impossible.

However, we can compare it with the smartphones where the global sales dropped 38% from February 2019 to February 2020. Of course, China manufactures about 80% of all smartphones.
 
I'm sure there have been some supply chain problems, but I have a feeling that the bigger problems for the camera industry areI that the economy is tanking around the world and photography is one of those jobs that is severely hindered by the social distancing requirements.

I expect that it's only a matter of time until we see more of these rather unfortunate financials coming from other camera companies.
 
DLD said:
Canon is blaming the supply chain problems from China but that implies that the whole of China was locked down (it wasn't, only Hubei was)
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The mandatory curfew in China affected approximately 760 million people. I watched a documentary about the curfew in Beijing, and yes, it was very real: initially soft, then more and more strict, and by the end of the doc the reporter had the entrance to his condo literally walled from the outside.
 
The Canon 15.5-47mm lens has drop almost $14k in price down to $10k. I was wondering If and When all goes back to normal (whatever normal is) if anyone had any feedback if the price will go back up?
 
It won't...no one would ever buy the lens for the higher price again after this drop.

It's a ~13,000 dollar difference, lol.
 
NorBro said:
It won't...no one would ever buy the lens for the higher price again after this drop.

It's a ~13,000 dollar difference, lol.
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I agree. If it was just to move product during this crisis, it would be a few $K “rebate”. This is permanent (minus exchange rate fluctuations).
 
New_Zealand said:
The Canon 15.5-47mm lens has drop almost $14k in price down to $10k. I was wondering If and When all goes back to normal (whatever normal is) if anyone had any feedback if the price will go back up?
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That is a good deal.
 
New_Zealand said:
The Canon 15.5-47mm lens has drop almost $14k in price down to $10k. I was wondering If and When all goes back to normal (whatever normal is) if anyone had any feedback if the price will go back up?
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It may be the push to Fullframe and auto focus, they may be discontinuing it. The Angie's are going for $5k on the used market.
 
Olympus chose not to release their financials until next quarter (or the end of May). A reasonable interpretation of the patient is that he's bleeding profusely and his survival chances are nearing bleak. There is, however, a bunch of sales on the Olympus gear.

One interesting tidbit from their management's interview was that, while their production was negatively effected by the Covid situation in China, the overall sales decline "made up" for it and there's no shortage of gear available. Which is what I thought was the likely scenario with Canon as well. Olympus could be lauded for being somewhat prescient and moving its main production facility to Vietnam. Canon has moved some of theirs into Thailand and some - I assume their higher end models - back to Japan.
 
Olympus say all the rumors of them selling the photo-imaging portion of the business are unfounded ... but if you scrape a few quid together, they'll listen.

Sony published their 4th Q (Jan-March) financials. TV business is down a third, camera biz is down a third, mobile is down a third. Sensor is up by ~ 22%.

And they're not spinning the sensor part off. Even if you can scrape together a few quid.
 
From Petapixel last November: "Bloomberg points out, the imaging unit makes up just 6% of Olympus business and is "“the lowest margin and lowest growth businesses in Olympus’s portfolio.”" As new board members and investors pressure Olympus to re-evaluate its various businesses, it wouldn’t surprise anybody for Olympus’ camera division to go the way of Samsung."

It's not for sale because no one wants to buy it. No one is going to buy a camera division with the current condition the camera market is in.
 
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