The Staggering Collapse of the Camera Market

Discussion in 'Photographic Discussions' started by bratkinson, Sep 30, 2016.

  1. astroNikon

    astroNikon 'ya all Bananas I tell 'ya Supporting Member

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    go to google,
    type
    Canon camera layoffs
    Olympus camera layoffs
    nikon camera layoffs
    Sony camera layoffs
    Gopro camera layoffs
    Ricoh camera layoffs
    Fuji camera layoffs
    ... Samsung .. well, they just exited the entire camera market


    I don't think it's been limited to only Nikon over the last few years.
     
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  2. gryphonslair99

    gryphonslair99 Been spending a lot of time on here!

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    Go to google and type in any manufacturer layoffs. Today's generation of photographers love automation.

    So do manufacturers. You don't have to pay a machine, it never calls in sick, and never has marital, girlfriend, boyfriend, or other family troubles. Turn it on, it does its job until you turn it off and it never unionizes for shorter work days or weeks.
     
  3. Scatterbrained

    Scatterbrained Been spending a lot of time on here!

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    The thing that seems to go ignored in all this doom and gloom talk is that the camera makers are back to selling ILCs at about the same rate they were before the digital revolution. They ramped up massively for the "digital revolution"; much of which was on the backs of digital P&S sales. Now that those are gone they are having to fall back to the enthusiast market, which will require continued downsizing for a while. It doesn't necessarily mean they are all on the brink of failure though. Meanwhile, Canon, Nikon and Pentax are now having to fight with a resurgent Sony, who is cutting into all their sales.
     
  4. chuasam

    chuasam Been spending a lot of time on here!

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    Pentax isn't even in the fight. They're just struggling just to survive. So many camera stores have gone under.
     
  5. chuasam

    chuasam Been spending a lot of time on here!

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    How many were in the camera division? I'm sure that's a consolation to the families of the 1000
     
  6. robbins.photo

    robbins.photo Yup, It's The Zoo Guy Supporting Member

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    I'm sure that the folks that kept there jobs are probably grateful that the company decided to just lay off a few, rather than close down completely, despite multiple suggestions from folks like Hogan and CGW that they should.

    I'm sure the folks working at Lamborghini, or Louis Vuitton probably feel the same way. Maybe we can get cgw to start giving those folks some of this stellar business advice, since obviously Nikon doesn't seem to need his help.
     
  7. Scatterbrained

    Scatterbrained Been spending a lot of time on here!

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    Does it matter? What should they do, maintain excess labor until the entire company collapses? Companies need to be able to expand and contract as the market expands and contracts.
     
  8. astroNikon

    astroNikon 'ya all Bananas I tell 'ya Supporting Member

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    "Companies need to be able to expand and contract as the market expands and contracts." .. to the detriment of the employees.

    If you just search Layoffs, or think about it.
    Oil industry
    Financial industry
    europe seems to be just starting a larger downturn ... Major companies announce job cuts across Europe - World Socialist Web Site
    don't worry. I'm sure the ECB will continue to buy bonds/debt from the unlimited funds they seem to have.

    local automotive seems to be doing good so far though. Many adding jobs.
     
  9. chuasam

    chuasam Been spending a lot of time on here!

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    actually, the automotive industry has been shrinking for a while. Many millennials are not driving and buying cars.
    Camera retail has been hurting badly. From 2010 till now, the industry has been shrinking at a rate of about 30% per year.
     
  10. Scatterbrained

    Scatterbrained Been spending a lot of time on here!

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    What's your point?
     
  11. gryphonslair99

    gryphonslair99 Been spending a lot of time on here!

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    bs-meter.gif
     
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  12. astroNikon

    astroNikon 'ya all Bananas I tell 'ya Supporting Member

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    ok .... I'm heavily in the auto market here. I see the current profits, and hiring plans as they are taking away people from other industries around here.
    United States Total Vehicle Sales | 1993-2016 | Data | Chart | Calendar

    China, as you know has expanded like crazy though is currently retracting a bit.
    China Total Vehicle Sales | 1997-2016 | Data | Chart | Calendar | Forecast

    global ...
    Global car sales 1990-2016 | Forecast

    Russia on the other hand ....

    Having been in the Tier 1 and Tier 2 industry back in 2006 onwards (and OEM before that) I watch for when that arena starts shrinking and tightening. It was quite devastated from 2005 through 2010, but seems to be doing well. Further automation and Tier 1 packaging further pushes down employee counts.

    "Many millennials are not driving and buying cars." --> on the other hand --> Millennials Are Buying Cars
    --> Everything we thought about millennials not buying cars was wrong
    though --> Millennials don't want cars, but Generation Z does
     
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