Olympus

NYC’s Relocated Datavision is Getting ‘Connected’
June 11, 2014

Jimmy Garson, CEO of New York City CE retailer Datavision, is bullish about the impending relocation and reimagining of the company’s brick-and-mortar store, and the mid-summer redesign of the Datavision retail website.

Olympus Compact Camera Sales to Extend Drop Next Year, CEO Says
May 21, 2013

Olympus Corp. said sales of its compact cameras may fall by half next fiscal year, extending a decline as consumers increasingly use smartphones such as Apple Inc.'s iPhone to take pictures.

Volume sales will drop to about 1.35 million units as early as the year starting April, Chief Executive Officer Hiroyuki Sasa said in an interview in Tokyo May 20. The company forecasts it will sell 2.7 million compact cameras this fiscal year, falling 47 percent from the prior 12-month period.

Olympus joins Canon Inc., the world's largest camera maker

Olympus to Drop Cheap Point-And-Shoot Cameras
May 16, 2013

When photo-sharing app Instagram said in February that its monthly users had surpassed 100 million, it was just one reminder of the changing world of photography. And with high-tech smartphones and numerous photos apps making it harder to convince people that they need point-and-shoot cameras, it's no surprise that Japanese camera maker Olympus Corp. is shifting focus away from that market.

Olympus said it will eliminate its V series of compact cameras - the cheapest in its lineup, selling for less than $200. Its camera business posted a loss

Sony Now Olympus' Largest Shareholder
February 25, 2013

Olympus Corporation announced on February 22 that due to a completion in payment for shares in Olympus, Sony Corporation raised its stake in Olympus from 4.7% to 11.5%, making Sony the largest shareholder of Olympus.

Olympus Unveils New Stylus TG-830 and TG-2 Tough Compact Digital Cameras
January 31, 2013

What are the first few names that come to mind when talking about digital camera manufacturers? Nikon, Fujifilm, Canon, maybe Sony, maybe Panasonic, right? How about Olympus? Well, they’re probably not in anyone’s top three at the moment, but if you think about it you’ll remember seeing plenty of good-looking cams from the Japanese company and then not seeing them for no apparent reason.

Capturing Trends at PMA@CES
January 10, 2013

We’ve created a snapshot of products that will be
prominently displayed on the PMA@CES show floor at the Las Vegas Hilton this year. Imagine, no annoying bus rides back and forth from the Sands. 

Olympus Cuts Operating Profit Forecast on Expected Camera Loss
November 12, 2012

Olympus Corp., the camera and endoscope maker that admitted an accounting fraud, cut its operating profit forecast by 24 percent on an expected loss at its camera unit.

Operating profit, sales minus cost of goods sold and administrative expenses, will probably be 38 billion yen ($478 million) in the year ending March, compared with the August estimate of 50 billion yen, Olympus said yesterday. The digital camera unit is expected to report a loss of 8 billion yen in the current fiscal year, compared with its previous forecast of a 1 billion yen

Sony Invests $645 Million Into Ailing Olympus
September 28, 2012

Sony has decided to help out Olympus.

The Japan-based companies announced today that Sony will acquire over 34 million shares in Olympus through a third-party allotment to the tune of $645 million in cash. The deal, which both sides are calling a "capital alliance," is designed to help keep Olympus afloat after a scandal earlier this year brought the company to its knees.

To consumers, Olympus is best known for its cameras. But the company also produces optical equipment for medical, scientific, and industrial uses.

Olympus' troubles started