Nikon President Makoto Kimura says the company could make a non-camera consumer product, prompting speculation that it’s eyeing the smartphone market, in response to falling compact camera sales. With compact camera sales down by around 25% across the industry (according to market research company IDC) and shipments from Japanese makers down 47% year-on-year for the first five months of 2013, Nikon says it may fall short of its ‘fairly low’ earnings estimates for the first quarter of this financial year. Despite Japanese DSLR incomes falling by around 13% in the first five months of the year, Kimura says he expects the company’s DSLR sales to support the loss of compact sales for ‘several more years’ until it can produce ‘a product that will change the concept of digital cameras.’ Read more over at connect.dpreview.com
News: Digital Photography Review (dpreview.com)