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 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
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 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.
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.
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 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 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