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Posts Tagged ‘Sales’

BCN+R data shows digital camera sales in Japan were down 40% year-over-year

12 Jan

BCN Retail (BCN+R), a Japanese analyst firm that collects daily sales data of mirrorless interchangeable lens cameras from both online and in-person points of sale in Japan, has published (translated) a summary of its 2020 camera sales data, confirming camera sales were down in the Japanese market due to an already-shrinking market further compounded by the ongoing COVID-19 pandemic.

According to BCN+R’s data, digital camera sales dropped 40.4% year-over-year (YoY). This is over double the 16.8 percent drop BCN+R recorded in 2019 (compared to 2018). BCN+R’s data shows digital camera sales were down from the onset of 2020, but dramatic decreases in March and April align with when the first spike in cases of the novel coronavirus started spreading across the globe. The YoY decrease peaked in April and slowly declined until September.

Apologies for the low-quality chart. It’s all BCN+R has shared.

October proved to be the month with the smallest YoY decrease, which could be attributed to the release of numerous mirrorless cameras being released in September and October, most notably the Sony a7C (September 15), Canon EOS M50 Mark II (October 14) and Fujifilm X-S10 (October 15). The original Canon EOS M50 has continuously proven to be the most popular cameras in Japan for quite some time, so it’d make sense its successor would sell well, too.

We’ll wait to see what the end-of-year numbers from less region-specific sources (CIPA, etc.) are before making any comprehensive overviews, but it’s clear from BCN+R’s data that the fallout from the COVID-19 pandemic managed to make a shrinking market even smaller than it was on track to be, even if the Japanese market alone isn’t indicative as to the state of the industry as a whole.

Articles: Digital Photography Review (dpreview.com)

 
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Iconic Ansel Adams image sells for nearly $1M at Sotheby’s auction, total sales of $6.4M

18 Dec
Ansel Adams, The Grand Tetons and the Snake River, Grand Teton National Park, Wyoming

‘A Grand Vision: The David H. Arrington Collection of Ansel Adams Masterworks’ completed auctioned at Sotheby’s New York on December 14. The collection comprised 123 individual lots, 94% of which were successfully sold to buyers both in person at Sotheby’s New York and online. A mural-sized print, ‘The Grand Tetons and the Snake River, Grand Teton National Park, Wyoming’, sold for a record-high for an Ansel Adams print, closing at $ 988,000 USD.

Ansel Adams photographed the record-setting print in 1942. The image was commissioned by the Department of the Interior. The mural-sized print of Jackson Hole is one of fewer than 10 thought to exist. David H. Arrington acquired it directly from a descendant of Ansel Adams.

Ansel Adams, The Grand Tetons and the Snake River, Grand Teton National Park, Wyoming – Lot 53, sold for $ 988,000

David H. Arrington was born and raised in Dallas, Texas and currently serves as President of Arrington Oil & Gas Operating LLC. He became interested in photography as a teenager and began collecting Adams’ work in his twenties. His collection ultimately developed into one of the largest and most comprehensive private collections of Adams’ photography. Pieces from the collection have been part of many exhibits over the years, including in the Los Angeles County Museum of Art, San Francisco Museum of Modern Art, The Art Institute of Chicago, the Hayward Gallery, the Kunstbibliothek in Berlin, and the Museum of Modern Art.

Ansel Adams, Winter Sunrise, Sierra Nevada, from Lone Pine, California – Lot 107, sold for $ 403,200

Arrington said, ‘I remember the first time I saw an image slowly appear in the developing tray in my darkroom. I was 15 years old, mesmerized and thrilled beyond imagination at the possibilities inherent in photography. Now at 60 years old, I still feel the same.’ Many of his Ansel Adams prints were displayed at his company’s headquarters, making it a museum of sorts. He encouraged employees to select favorite prints to hang in their offices.

When the auction closed, the sold lots totaled $ 6.4 million, the highest total for a sale of photographs at Sotheby’s since 2014. Before the auction, the pre-sale estimate ranged from $ 4.1 to $ 6.1 million. Sotheby’s shared additional interesting figures, including that nearly half of lots sold achieved prices above their high estimates, more than 50% of lots were sold online and 35% of buyers were first-time buyers from Sotheby’s.

Ansel Adams, Half Dome, Merced River, Winter, Yosemite Valley – Lot 38, sold for $ 685,500

Emily Bierman, Head of Sotheby’s Photographs Department in New York, said, ‘The spectacular results from [the sale] not only affirmed Ansel Adams as one of the most important artists of the 20th century, but also that his subject matter is as relevant today as when it was created over half a century ago.’ She commented further that the record-setting print garnered a bidding battle involving at least half a dozen bidders.

Bierman continues, ‘The collection put together by David H. Arrington was unprecedented in its scale, scope, and condition, and now proudly takes its place among the most significant collections of photographs to ever come to auction. Handing this collection has been an enormous privilege for our entire team, and, personally, an opportunity I will cherish in my career.’

Ansel Adams, Yosemite Valley from Inspiration Point, Winter, Yosemite National Park – Lot 48, sold for $ 163,800

You can browse all 123 lots by clicking here. From there, you will be able to see the closing price for sold lots and view the pre-sale estimates for each lot. Notably, before the auction, Sotheby’s estimated that Adams’ iconic ‘Moonrise, Hernandez, New Mexico’ would sell for the highest amount, although it ultimately sold for about $ 300,000 less than Adams’ image of the Grand Tetons. David H. Arrington’s collection included many other iconic Adams images and it’s well worth it for any photographer fan to peruse and enjoy the images.


Image credits: The above Ansel Adams photographs have been shared with us courtesy of Sotheby’s Auction House

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Sony announces plans to end camera sales and manufacturing in Brazil next year

19 Sep

Sony has announced plans to end its camera manufacturing and sales operations in Brazil by the middle of next year. Per Gizmodo Brazil, Sony will continue to sell its consumer electronics, including cameras, in Brazil until mid-2021. However, next March, its production plant in Manaus, Brazil will shut down. The plant has been in business for nearly 50 years.

In a statement to Brazilian employees, partners, retailers and suppliers, Sony said that its exit from Brazil is due to changing market conditions and expected business trends. Clóvis Letie, Sony senior operations manager in Brazil, has stated that operations in Brazil will continue to provide technical support and warranty service for products already sold. You can view an image of the statement in Portuguese by clicking here. Sony issued a follow up statement to Gizmodo as well, which can be seen here.

A screenshot from Sony Brazil’s website shows that the new Sony A7C, recent A7S III and A9 II cameras are featured in the interchangeable lens category. These cameras and the rest of Sony’s photographic offerings will no longer be on sale in Brazil starting in mid-2021.

In its analysis, Gizmodo Brazil states that the most surprising aspect of Sony’s announcement is that the Japanese company is closing multiple divisions at once. It is also worth considering the influence of currency exchange rates and, of course, the ongoing pandemic. Gizmodo notes that Sony’s strategy in Brazil has been to slash costs to any sector not generating significant profit, which after the middle of 2021 will result in the last vestige of Sony in Brazil being the PlayStation division.

While market conditions are surely challenging for Sony and other electronics companies, Brazil is a large market to exit. The large South American nation has one of the highest GDP in the world, both by nominal and purchasing power parity measures. Granted, on a per capita basis, the nation of over 200 million ranks much lower. Income is also not evenly distributed, perhaps making it challenging to generate a profit while producing and selling what are essentially luxury items.

The closure of the factory in Manaus will hurt locals. The closure will result in the loss of about 220 jobs, per PetaPixel. In addition to the loss of employment for over 200 people, Sony’s exodus from Brazil will certainly hurt photographers as well. This comes only a few short years after Nikon left Brazil.

Another screenshot from Sony Brazil.

A PetaPixel reader writes, ‘Personally, I receive this notice like a stab on my back. I invested a lot of money in Sony cameras and lenses, a lot of people too. Sony is already the standard for many professionals, live event, marriages, and advertising small producers…With Nikon already gone a few years, I made the move to Sony. Looks like a bad choice. Now, I will have to sell and buy everything new from Canon.’

This sentiment is likely echoed by many photographers in Brazil. Cameras and lenses are expensive photography is an expensive hobby for many and a way of life for others. Changing brands is not simple nor inexpensive. In the meantime, existing Sony owners can likely depend on ongoing product and warranty support, even after Sony stops making and selling most of its consumer electronics in Brazil.

Articles: Digital Photography Review (dpreview.com)

 
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Decline in Camera Sales Continues While Sony Outpaces Nikon

17 Aug

The post Decline in Camera Sales Continues While Sony Outpaces Nikon appeared first on Digital Photography School. It was authored by Jaymes Dempsey.

decline in camera sales Canon EOS R6

Nikkei has unveiled the 2019 sales and market share data for digital cameras, and numbers are looking bad across the board:

In 2019, camera units sold dropped by over 22%, which mirrors last year’s 22% decline, and suggests that the shrinking digital camera market won’t stabilize anytime soon.

Nikkei also revealed individual market share numbers:

  • Canon is the industry leader (45.4% market share)
  • Sony is now second (20.2% market share)
  • Nikon comes in to third (18.6% market share)
  • Fujifilm claims fourth (4.7% market share)
  • Panasonic nabs fifth (4.7% market share)

Last July, we reported on market share data, and the biggest news was Nikon’s decline. If you compare the 2019 data (above) to last year’s data (here), you’ll see that Nikon has descended yet again, dropping from the second spot to third (to be replaced by Sony, which increased its market share after a 2018 downturn).

This is in spite of the Nikon Z6, Z7, and Z50 models, which were Nikon’s (seemingly unsuccessful) attempt at refreshing its DSLR-centric camera program to compete better with major mirrorless players. As is clear from the numbers, a few high-performing mirrorless models just weren’t enough to outcompete Sony, a company that has been steadily capturing photographers thanks to a well-rounded APS-C and full-frame camera lineup.

But despite Sony’s impressive array of mirrorless models, it is Canon that managed to capture the largest digital camera market share in 2019, and has continued to eclipse its competitors by showing significant overall market share growth from 2018.

And while Canon has gained a lot of negative press lately thanks to EOS R5 overheating issues, it’s tough to see Canon losing its dominance anytime soon, especially when you consider the company’s “full steam ahead” approach to mirrorless development in 2020, with the release of both the EOS R5 and EOS R6, new RF lenses, and more.

Also notable is the fifth position in the market share rankings, previously occupied by Olympus but now held by Panasonic. This is hardly a surprise, given Olympus’s decision to sell off their camera division, but note that Panasonic is now pretty much on par with Fujifilm (a company that had seen a significant increase of market share in 2018, only to drop again in 2019).

Now over to you:

When do you think the camera market decline will end? Or is this the end of mass-market digital cameras? Also, how do you feel about Nikon’s descent? Do you think the company will rebound for this year’s data? Share your thoughts in the comments!

The post Decline in Camera Sales Continues While Sony Outpaces Nikon appeared first on Digital Photography School. It was authored by Jaymes Dempsey.


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April data shows mirrorless camera sales in Japan were down 75% compared to 2019

19 May
An illustration from BCN Retail showing the unit sales%age, by manufacturer, of Canon (Blue), Olympus (Green) and Sony (Red) from February 3 (far-left) to April 20 (far-right).

BCN Retail, an analyst firm that collects daily sales data of mirrorless interchangeable lens cameras from online and in-person points of sales in Japan, has released its figures for April 2020 that show just how much the COVID-19 pandemic has continued to decimate the camera market.

Last month we shared BCN Retail’s March report, which showed a 50% drop year-over-year Unfortunately, it seems that was just the beginning. April 2020 numbers from BCN Retail show MILC sales are just 26.1% what they were April 2019 and down nearly half (49.5%) from the already abysmal March sales numbers.

While the decrease in sales is alarming, it’s not unexpected. Canon reported in its recent financial statements that it expected things to get worse before they get better and Nikon is expecting a dramatic decrease in sales as well due to the ongoing pandemic.

Unlike last month’s report, which covered March, BCN Retail doesn’t note whether or not Fujifilm is still on the rise (it was the sole company to increase its market share year-over-year), but BCN Retail’s April stats do show Canon, Olympus and Sony are still battling it out for market share in the Japanese market with only eight or so percentage points separating the three as of April 20, 2020.

A chart showing the top-selling camera models in April, based on BCN Retail’s data.

The market share of individual camera models also remains largely unchanged with more affordable crop-sensor cameras taking the top ten spots. As has more or less been the case for the past few months, the Canon EOS M50 takes the top spot, with the Sony a6400, Olympus Pen E-PL9, Olympus OM-D E-M10 Mark III and Canon EOS M100 rounding out the top five. One newcomer is the Fujifilm X-T100, which managed to sneak in at the ten spot.

Articles: Digital Photography Review (dpreview.com)

 
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Judge rules DJI infringed patent, recommends ceasing sales and imports of most DJI drones

18 May

On March 2nd, Steptoe, a leading international law firm, secured a major trial victory for Autel Robotics USA at the US International Trade Commission (ITC). The ITC’s chief administrative law judge found that SZ DJI Technology Co. Ltd., the world’s largest manufacturer of consumer drones, and 7 related entities collectively known as ‘DJI,’ violated Section 337 of the Tariff Act of 1930, as amended. DJI has been importing and selling drones that infringe on Autel’s US Patent No. 9, 260,184.

The ITC’s chief administrative law judge recommended barring the following DJI products from importation into the United States: the Mavic Pro, Mavic Pro Platinum, Mavic 2 Pro, Mavic 2 Zoom, Mavic Air, and Spark. The judge also recommended a cease and desist order prohibiting DJI from selling any of these products that are already in the U.S. when the exclusion order issues. If upheld, all of these products could be removed from the U.S. market as early as July.

Autel scored another victory with the ITC. DJI was forced to post a 9.9% bond during the 60-day presidential review period following the exclusion order. Autel also filed a petition to prevent other DJI products from being sold including the Phantom 4 and Inspire series of drones. It is worth noting that DJI’s Inspire 1 and most of its Phantom 4 line has been discontinued, with the exception of the Phantom 4 Pro V2.0. The Spark and original Mavic Pro models are also no longer produced.

Representatives from DJI declined to comment on the matter at this time.

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CIPA’s latest numbers show camera production, sales slashed by half in March

27 Apr

The coronavirus pandemic has hit the camera industry particularly hard with a dramatic downturn in both production and sales during March. Traditionally a period when sales of new products announced after the New Year begin to come on-line, this March saw production and shipments from Japanese companies drop to only 48% of levels reached in the same month last year.

Figures released by the Japanese Camera and Imaging Products Association (CIPA) show world-wide shipments were only 47.8% of the volume last March, with the number shipped to Asia (excluding Japan and China) only 39.8% of last those shipped in March 2019. Shipments to ‘Other Areas’ (including the Middle East) are most healthy but still down to 68.2% of last year’s volume, and this region accounts for a very small proportion of sales. Shipments to the USA were at 44.7% and those to Europe were 48.3%, while Japan managed 54.5%.

Production and shipped data for March 2020. Column 2 is for comparison to February 2020 and column 3 shows a comparison to March 2019. Column 4 compares Q1 2020 with Q1 2019

It seems SLR cameras have fared far worse than mirrorless models, which may be partly down to the fact that there are fewer new SLR models around at the moment. Production of SLRs reached only 32.6% of the levels for last March, while mirrorless models reached 56%. China was the only region to receive more SLRs than mirrorless cameras, but that figure was still only half of what the country took last March.

The CIPA figures are reflected in the sales reported by Stackline, which showed online camera sales in the USA were down 64% in March. With many camera shops with closed doors too, sales across the counter are also likely to be very poor. The market research company rated cameras no. 3 in its list of the 100 fastest declining product categories – with only briefcases and luggage doing worse. Unsurprisingly, disposable gloves were the fastest-growing product.

Last week Canon reported a drop in camera revenue of 27% for the first quarter of the year – slightly ahead of that across the total Japanese camera market which recorded a drop in revenue of 31.1% compared to the same period last year. The revenue drop for SLRs shipped from Japan was 40.2% while that for mirrorless models was 25.8% in the months January to March 2020.

Sales of lenses have held up a little better with the total volume produced in March dropping by 46.1% and those shipped falling by 44.8%. Production of full-frame lenses dropped by 34.5%, while those designed for smaller formats fell by 53% by volume. In better news, the value of smaller-format lenses shipped to the USA was up by 1.5% over the value shipped to the region in February – and I’ll take that as a positive.

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Canon’s Q1 financial report shows Imaging Systems net sales and profits are down 13.9%, 80.6% YoY

24 Apr

Canon has released its first-quarter (Q1) financial report, revealing just how bad the COVID-19 pandemic has affected its bottom line and suggesting it’s only going to get worse before it gets better.

The report starts off by stating on its ‘Key Message’ summary page that the COVID-19 pandemic has ‘completely [changed the] global economic landscape’ with the following bullet point saying the ‘global economy faces worst recession since the Great Depression’ due to the ongoing pandemic.

Across the board, Canon saw a 9.5% drop in net sales and an 18.7% decline in operating profit for Q1 (January 1 through April 23), year-over-year (YoY). But even those numbers look great in comparison to those found within Canon’s Imaging Systems division, which accounts for camera and inkjet printer sales.

The report shows net sales and operating profit for Q1 within the Imaging System division is down 13.9% and 80.6%, respectively, YoY. Further split up, Canon states its net sales are down 24.8% YoY specifically for cameras, while its inkjet printer net sales were actually up 7.3%. Despite the current situation, Canon hasn’t changed its projections which currently have net sales and operating profits down 2.5% and up 11.5%, respectively for the entire 2020 fiscal year.

That may very well change though, as Canon expects its second quarter (Q2) to be even worse, as Canon’s current downward trajectory didn’t even start until mid-way through Q1. Combined with the uncertainty of when the COVID-19 pandemic will begin to subside, Canon says it’s difficult to provide accurate estimates of future financials and even clarifies that once the global economy is back on the rise, it’s unlikely cameras will see an immediate return to normal sales.

In addition to the impact on supply, sales of interchangeable-lens cameras were also greatly affected. One after another, live events were canceled or postponed and chances to use cameras decreased. In addition to this, we believe it will take time to see a recovery in the demand for cameras, which are considered luxury items, even after the global economic turmoil has subsided.’

Whatever happens, it seems Canon has little intent on slowing down. In its summary of the results, Canon says it ‘will steadily push forward [its] strategy that focuses on models for professionals and advanced-amateurs to maintain medium- to longterm profitability,’ an obvious nod to the forthcoming EOS R5 camera, as well as new RF lenses on the horizon.

Something worth keeping in mind, as with all financial reports, is that numbers alone don’t tell the whole story. There is plenty going on behind-the-scenes and there is a lot of grey area within the net sales and operating profits within any given division.

For this particular Q1 report, a standout example of this is in the dramatic discrepancy between the net sales and operating profit within Canon’s Imaging Systems division. While we obviously can’t confirm this to be the case, the 80.6% decline in operating profit could very well be due, at least in part, to the research, development and marketing expenses of the EOS R5 and other professional and ‘advanced amateur’ camera systems Canon plans to release in the near future. It’s shaping up to be an industry-shaking camera based on the currently-known specs and actively developing such a system doesn’t come cheap.

You can read through all of the Q1 financial documents on Canon’s investor relations website.

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BCN data shows mirrorless camera sales have dropped 50% YoY in Japan for March amidst COVID-19 pandemic

13 Apr
An illustration from BCN Retail showing the unit sales percentage, by manufacturer, of Canon (Blue), Olympus (Green) and Sony (Red).

It was only a matter of time before we started to see the effects of the COVID-19 pandemic on camera sales, and today we’re getting our first glimpse at just how brutal the global pandemic has been on the camera industry.

BCN Retail, an analyst firm that collects daily sales data of mirrorless interchangeable lens cameras directly from online and in-person points of sale in the Japanese camera market, has shared the numbers from its March data, and it’s not pretty. While January and February saw a year-over-year (YoY) decline of 9.9 percent and 23.5 percent, respectively, March saw a decrease of 50.5 percent (compared to March 2019).

This decrease is well above the relatively consistent 15–20 percent YoY decrease we’ve seen over the past few years and goes to show just how hard the coronavirus pandemic is affecting sales, even if BCN’s data is only a relatively small sample size.

As far as sales volume goes, BCN says Canon, Olympus and Sony have all dropped YoY, while Fujifilm stands alone as the only manufacturer to increase its share of the market.

A chart showing the most popular cameras in the Japanese market, based on BCN Retail’s data.

BCN also shares what cameras have performed best, based on sales volume, with the Canon EOS M50 barely edging out the Olympus Pen E-PL9. Sony’s a6400 rounds out the top three, with the a6000 still coming in fifth, despite being six years old.

It’s safe to assume these numbers are just the tip of the iceberg as near-global stay-at-home mandates and quarantines continue in an effort to #flattenthecurve of the COVID-19 pandemic. CIPA’s data won’t be here for a while, but it will likely tell a similar story at a much larger scale.

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Sony Is Now Beating Nikon in Camera Sales. What Does This Mean for the Industry?

03 Dec

The post Sony Is Now Beating Nikon in Camera Sales. What Does This Mean for the Industry? appeared first on Digital Photography School. It was authored by Jaymes Dempsey.

Sony-beating-Nikon

According to Nikkei, Nikon has now dropped behind Sony on overall camera sales, leaving the market with these adjusted rankings:

Canon, #1.

Sony, #2.

And Nikon, #3.

This hardly comes as a surprise, given recent market trends in digital camera sales, along with Nikon’s recently forecasted loss in imaging products (instead of an originally predicted profit).

The truth is that digital camera sales are bleeding across the board, not just for Nikon. In recent years, sales have dropped for Canon, Nikon, and Sony, but Nikon’s poor performance has allowed Sony to creep past them in the rankings.

Note that Sony was already leading the industry in full-frame camera market share, and was also leading Nikon in interchangeable lens camera sales.

In other words: Sony’s success is simply another step on the road to its digital camera dominance.

For Nikon shooters, this is far from good news. As of right now, Nikon’s full-frame mirrorless lineup is in its early stages, with only two cameras and a handful of lenses. But if Nikon decides that its imaging business is costing too much money, the leadership may decide to head into the safer waters of its precision equipment business (where Nikon is performing well and profits are steadier).

If this happens, we could see a decline in both the number and quality of Nikon products.

And then, assuming that digital camera sales continue in the downward direction, and assuming that Canon and Sony continue to push for market dominance, we might see the end of Nikon’s imaging business, period.

Is speculating about the end of Nikon cameras a bit alarmist?

Maybe.

But reports regarding camera sales have been nothing but alarming in recent years, defying expectations and suggesting that things are changing faster than anyone could have predicted. And with recent speculation about Olympus’s camera business shutting down, well, it’s hard not to wonder.

So what do you think? Will Nikon remain competitive in the camera industry? Or will the company decide to focus on other areas and drop its image business entirely?

Let me know your thoughts in the comments!

The post Sony Is Now Beating Nikon in Camera Sales. What Does This Mean for the Industry? appeared first on Digital Photography School. It was authored by Jaymes Dempsey.


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