The Staggering Collapse of the Camera Market

[robbins.photo]

Which is a mere half of what they made 11 years ago. And it's ¥ not $

Half of a crap ton is still a whole heck of a lot. Markets change. Just because your making 5 billion now when you were making 10 billion a few years ago? No reason at all to close your doors. That would just be stupid.

As to whether or not your making a billion yen or a billion dollars, again, completely immaterial. I'd be happy as a clam with a billion yen. It wouldn't bother me a bit that at the current exchange rate that works out to a piddly $9,657,220.

Personally if I were making that kind of profit I'd be turning handsprings.. not picking nits and talking about closing down my business.

 

[chuasam]

Yes yes, doom, gloom.. DSLR's are dead despite all the billions that are still being made by the companies that make them.

Yawn.

You mean Billions LOST. The camera companies are bleeding money.

Nikon made $421,989,443.00 last year. I should bleed so good.

Which is a mere half of what they made 11 years ago. And it's ¥ not $

You use the yen do you? That is in Dollars. Read the Nikon financial report and convert the listed 43.4 billion yen in corporate earnings into dollars. Their net sales was 857 billion yen or $8,334,174,367 dollars.

You're looking at the whole of Nikon and not just their camera division. Nikon has been doing massive layoffs and cost cutting to even make that income.

 

[astroNikon]

personal drone photography is where its at. follows with camera attached. can get some great angles

View attachment 128389

Go ahead and laugh it up. Can't hold back change old timer.

You have a far to simplistic view of photography. How many weddings have you done with your drone. How many corporate shoots, product shoots, portraits shoots? This isn't change, it's a new toy for those like you and a piece of work equipment for the business in the service industries. It won't replace the typical forms of photography.

Drones are great. But I don't think they allow them inside churches yet ...
and hope you have a good captain flying it

 

[table1349]

Not to mention that everyone owns a camera these days. Think of all the fun when you get a crowd together and each of them have a drone flying around.

Watching the destruction of so many drones would be humorous. Think I will keep my DSLR to record it all.

 

[table1349]

Yes yes, doom, gloom.. DSLR's are dead despite all the billions that are still being made by the companies that make them.

Yawn.

You mean Billions LOST. The camera companies are bleeding money.

Nikon made $421,989,443.00 last year. I should bleed so good.

Which is a mere half of what they made 11 years ago. And it's ¥ not $

You use the yen do you? That is in Dollars. Read the Nikon financial report and convert the listed 43.4 billion yen in corporate earnings into dollars. Their net sales was 857 billion yen or $8,334,174,367 dollars.

You're looking at the whole of Nikon and not just their camera division. Nikon has been doing massive layoffs and cost cutting to even make that income.

And the 1000 jobs that were cut were across the whole of Nikon. Thats 1,000 out of over 30,000 employees.

 

[robbins.photo]

And the 1000 jobs that were cut were across the whole of Nikon. Thats 1,000 out of over 30,000 employees.

I guess what cracks me up the most is that the talking heads keep trying to pretend this is only happening over at Nikon - it's not. It's happening to all companies that manufacture luxury items.

Global economy is down right now.. so yes, people are spending less on incidentals and concentrating more on basics. That's across the board. It isn't isolated to only one manufacturer of DSLR cameras.

It's happened before, it will happen again. These things are usually cyclic.

 

[astroNikon]

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.

 

[table1349]

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.

 

[Scatterbrained]

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.

 

[chuasam]

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

 

[chuasam]

Yes yes, doom, gloom.. DSLR's are dead despite all the billions that are still being made by the companies that make them.

Yawn.

You mean Billions LOST. The camera companies are bleeding money.

Nikon made $421,989,443.00 last year. I should bleed so good.

Which is a mere half of what they made 11 years ago. And it's ¥ not $

You use the yen do you? That is in Dollars. Read the Nikon financial report and convert the listed 43.4 billion yen in corporate earnings into dollars. Their net sales was 857 billion yen or $8,334,174,367 dollars.

You're looking at the whole of Nikon and not just their camera division. Nikon has been doing massive layoffs and cost cutting to even make that income.

And the 1000 jobs that were cut were across the whole of Nikon. Thats 1,000 out of over 30,000 employees.

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

 

[robbins.photo]

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

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.

 

[Scatterbrained]

You mean Billions LOST. The camera companies are bleeding money.

Nikon made $421,989,443.00 last year. I should bleed so good.

Which is a mere half of what they made 11 years ago. And it's ¥ not $

You use the yen do you? That is in Dollars. Read the Nikon financial report and convert the listed 43.4 billion yen in corporate earnings into dollars. Their net sales was 857 billion yen or $8,334,174,367 dollars.

You're looking at the whole of Nikon and not just their camera division. Nikon has been doing massive layoffs and cost cutting to even make that income.

And the 1000 jobs that were cut were across the whole of Nikon. Thats 1,000 out of over 30,000 employees.

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

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.

 

[astroNikon]

Nikon made $421,989,443.00 last year. I should bleed so good.

Which is a mere half of what they made 11 years ago. And it's ¥ not $

You use the yen do you? That is in Dollars. Read the Nikon financial report and convert the listed 43.4 billion yen in corporate earnings into dollars. Their net sales was 857 billion yen or $8,334,174,367 dollars.

You're looking at the whole of Nikon and not just their camera division. Nikon has been doing massive layoffs and cost cutting to even make that income.

And the 1000 jobs that were cut were across the whole of Nikon. Thats 1,000 out of over 30,000 employees.

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

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.

"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.

 

[chuasam]

Which is a mere half of what they made 11 years ago. And it's ¥ not $

You use the yen do you? That is in Dollars. Read the Nikon financial report and convert the listed 43.4 billion yen in corporate earnings into dollars. Their net sales was 857 billion yen or $8,334,174,367 dollars.

You're looking at the whole of Nikon and not just their camera division. Nikon has been doing massive layoffs and cost cutting to even make that income.

And the 1000 jobs that were cut were across the whole of Nikon. Thats 1,000 out of over 30,000 employees.

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

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.

"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.

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.