Canon Says the Camera Market 'Has Largely Bottomed Out'

  • 📰 petapixel
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

Canon believes that the camera market 'has largely bottomed out at its current size.'

by saying it believes it “has largely bottomed out at its current size.”

Canon has responded rather openly to a set of questions linked to the financial stability of its many sectors, but its answer to inquiries about the state of the camera industry is particularly frank. The company was asked what its outlook for the camera market is going forward, and if it would continue to offer both mirrorless and DSLR cameras. To that, the company responded:

“The camera market has largely bottomed out at its current size. Going forward, we expect the professional and advanced amateur segment to expand further and that products will become more highly developed. Accordingly, we expect the overall market to grow from now on. As for DSLR cameras, we will continue to supply products as long as there is demand.”, has finally reached the bottom and that it can’t get any worse for camera manufacturers than it already is.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Is that why I can't get the Canon LP E4N batteries for my EOS 1DX?

They should invest in a variety of film cameras and restorations! It worked for Kodak

clicio It seems like camera manufacturers will keep struggling if they don’t make their way into the smartphone market. Either joining forces with an already established company or developing their own product.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 527. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

William Blair says buy Wayfair as furniture company can weather a housing market slowdownThe firm resumed coverage ahead of the furniture company's second-quarter earnings this week.
Source: CNBC - 🏆 12. / 72 Read more »

Metaverse market share to surpass $50 billion by 2026, says new reportThe next few years are about to be very interesting. According to the new study, the metaverse will hit a market share value of $50.37 billion by the year 2026. 🚀Thankss a millon Need 10000 Dollar I doubt that this will happen. Rather, everyone will forget about it.
Source: Cointelegraph - 🏆 562. / 51 Read more »