No Guts, No Glory

Found Remembrance
Rouge River, Ontario. May, 2015
Taken with an iPhone 6+
It's no secret that the camera industry is in poor health. Sales are down. Each Quarter's numbers from the major manufacturers in Japan show a continuing erosion in both units sales and profits. A few years ago it was just in the compact camera segment. Now it includes DSLRs.
As but one example, Nikon’s 2015 financial results shows year-over-year sales to be down 15%, while income is down 12%. To quote from the company's latest financial report (May, 2015). "Digital camera ― interchangeable lens type and interchangeable lens did not reach the forecasted volume and sales fell short of achieving the revised forecast".
Canon is no better off. In Q4, 2014 it was reported that "Canon's imaging business saw its operating profit fall 6.2% year-on-year". Other companies results are mixed, notably with Sony and Fuji's imaging activities being better than analyst's expectations, though still nothing to write home about.
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