Update: July 2017 CIPA data added
The July figures show a downturn in production, but this is not unexpected and is probably due to summer shutdowns. Nothing here to give an indication of future growth. The next few months should show just where the industry is heading.
The rise of the digital camera in the 21st century has been a remarkable success. However, as with virtually all technology, something comes along to cause a reversal back towards either the norm or a complete failure. Of course, we are talking about the stand-alone digital camera. The cause of the failure in this regard is the advent of the Smartphone, not photography. Today, something approaching 98% of all photographs taken are not with a standalone camera but by another device, smartphone or tablet. So little wonder we see the chart below of annual digital camera production from the main Japanese companies as collated by CIPA Japan.
Rumors of an update to the compact Canon Powershot G1x MKii have surfaced with the new G1x MKiii camera going through Bluetooth Wireless Certification. This is quite surprising as I really expected to see this camera fade into history like the other G series before it. So what is know and what is expected to be released shortly.
The only clue is that it will have Bluetooth connectivity. That would be a very minor update so I hope for more. The original G1x MKii was a very useful camera with limited pixels it made a great low-light camera of its size. Then when the 1-inch sensor of the G7x and subsequent G3x, G9x, and G5x came through it seemed clear that this smaller 1-inch sensor with its back-lit technology was going to make the 1.5-inch sensor redundant.
Whilst this may have been true, the problems of last years earthquake causing the shortage of 1-inch sensors and not being able to produce enough cameras may well have reminded Canon that the best decision they ever made was to make their own sensors.
However, it is difficult to see where this fits into a market that is shrinking anyway. I don't find this camera is very appealing to customers, although I do like it myself and had some great results with it. So what have Canon done to justify releasing a new version?
H1 FY2017 Headlines (Apr 1, 2016 to Sep 30,2016)
- Overall company Revenue up +4.7%
- Overall company Operating Income up +21.5%
- Imaging Solutions segment Revenue up +9.2%
- Imaging Solutions segment Operating Income up 225%
Overall Business Results
This has been a pretty good start to the financial year for Fujifilm. Revenue is up strongly in Imaging and Information with just Document segment in a small decline. Operating-income has risen in Imaging and Information with just the Document segment in decline. So a firm base for the rest of the year.
Q1 FY2018 Headlines (Apr 1, 2016, to Jun 30, 2017)
- Overall company Revenue up +2%
- Overall company Operating Profit fell -5%
- Imaging Business segment Revenue fell -1%
- Imaging Business segment Operating Profit up ¥1.2B
Overall Company Results
Olympus released the first quarter results for the FY2018. The forecast for this year is to drive Revenues up by +3% and Operating Profit by +11% for the business overall. So how did they get on in the first quarter?
Nikon Corp. Q1 FY2018 Headlines (Apr 1, 2017, to Jun 30, 2017)
- Overall company Revenue up +0.6%
- Overall company Operating Profit down -31.1%
- Imaging Products segment Revenue falls -3.7%
- Imaging Products segment Operating Profit falls -24.8%
- Results beat previous forecasts