Canon Q3 Operating Profit Nearly Halves on Post-Brexit Yen Strength

[neuroanatomist]

I know from store owners that Canon did never care about Sony products, but since 2015 they are worried.

Yes, that makes perfect sense – Canon HQ typically dicsusses their long term, global strategy and their overall corporate mindset with local shop owners. Did those same shop owners tell you that "50% of the people are negative" about the 5DIV? Or was that your 40 close friends? It's so hard to keep all of your top-flight sources straight...

Currently there will be little common ground between the two types of Canon users that do write in this thread

(1) those who are aware of and comprehend objective reality, and (2) those who believe their own personal wants and opinions determine objective reality. People in category (2) are sometimes referred to as delusional.

 

[AvTvM]

...
In actuality, smaller cameras are not used nor wanted by obviously the vast majority of photographers - or everyone would have switched by now.

"Small cars are not wanted in the U.S of A. "
Corrrect, but only as long those small cars came in the form of Hyundai Ponys and the like.
;D ;D ;D

Many people want *compact* AND *fully featured, well-performing* cars. Think of a BMW Mini (Cooper) for example. For many decades, small car meant weak engine, weak chassis, no automatic shift, no air condition, weak headlights, weak engine, weak windshield wipers, no leather seats, ugly hard plastics ... cheap, weak and measly all over! Until car manufacturers finally saw the light and catered to actual demand by offering CAPABLE compact cars.

Nikon currently is only supplying the equivalent of a lawn tractor as compact ILC camera system (Nikon 1 series).

Canon has been supplying the equivalent of that Hyundai Pony by way of the EOS M, M2, M10 cameras. M3 was maybe VW Polo level. M5 might represent Volkswagen Golf class. By no means a BMW 3 series yet .. that would be Sony A6500 or Fuji XT-2 ... ;D.

A lot of people would have bought a camera like the EOS M5 already many years ago, had Canon cared to make one. A lot of people would have and would today buy Canon direct competitor models to Sony A 7 MkI and Mk II series. Compact and capable!

 

[neuroanatomist]

"Small cars are not wanted in the U.S of A. "

Small cars became popular in the US because they are more power efficient. So far, the opposite appears to be true for MILCs.

 

[justaCanonuser]

I have to wonder what difficulties the Japanese people would be having when it comes to assessing the worth of something when so much of everything has 5 to 10 figure quantities of yen. Even a hamburger at McDonald's would have a 5 figure number. :-(

Nothing compared with the hyperinflation in Germany in the 1920s, but they simply replaced numbers by words, this note was 100.000.000.000.000 Reichsmark (but wouldn't pay a complete bread then):

 

[romanr74]

those who are aware of and comprehend objective reality might want to see a shrink!

 

[neuroanatomist]

those who are aware of and comprehend objective reality might want to see a shrink!

Yeah, but those on the other end of the spectrum actually need clinical help.

 

[romanr74]

those who are aware of and comprehend objective reality might want to see a shrink!

Yeah, but those on the other end of the spectrum actually need clinical help.

you must know...

 

[neuroanatomist]

you must know...

Getting personal again? You said you were done with that. :

 

[douglaurent]

Currently there will be little common ground between the two types of Canon users that do write in this thread, the satisfied ones (1) and the complainers (2)

perhaps stop complaining, find a camera you like and move the .. on.

on one's forcing you to comment here. what's weird is people that whine and complain, when there is so much choice in the camera industry.

not to mention that none of this has anything to do with these forum thread anyways.. go complain on one of the other many threads you already are.

Thanks, I already found the cameras I like. They are a 5D4, 1DX2, 5DsR - as well as A7R2, A7S2 and a few dozen other models I own. This is why I can compare, which leads to complaining against Canon.

If you think a possibly wrong product policy is definitely not part of a thread about Canon's shrinking profits, then why don't you ask the moderator to close this thread, as then obviously there is nothing to be said about the topic?

 

[neuroanatomist]

If you think a possibly wrong product policy is definitely not part of a thread about Canon's shrinking profits, then why don't you ask the moderator to close this thread, as then obviously there is nothing to be said about the topic?

Perhaps it could be said about the topic that Canon's ILC sales were +8% in the most recent quarter. But maybe you were talking about their Office division because of all the copiers you own about which you're terribly disappointed with their lacking features, and all the print shop owners you've talked to who are intimately familiar with Canon's business strategy. :

 

[rrcphoto]

If you think a possibly wrong product policy is definitely not part of a thread about Canon's shrinking profits, then why don't you ask the moderator to close this thread, as then obviously there is nothing to be said about the topic?

yeah .. totally the WRONG product policy when unit sales are up this quarter 8% on ILC's .. not the make believe "market value" sales that Sony reports. and they have sold over half the ILC's shipped from all all manufacturers, AND .. their units sold is around the same as last year, while the the rest of the companies stagger.

so is that the WRONG product policy? or did you just look a the headline and summary and launch off on something that doesn't even make any sense?

 

[sanj]

Hi Sanj.
I'm sorry, from your post I'm trying to work out how Canon lost out, instead of spending £3600 on a 5DIV you spent £5200 on a 1DxII.
Seems Canon's ploy worked, they got 30% more of your money than you originally intended to spend!
Have a good day and enjoy that 1DII sir.

Cheers, Graham.

Yes. I also know of a lot of people you refuse to upgrade including people who shoot video because the 4k is not good enough. I also did not upgrade but bought 1dx2.

I never said Canon lost out with me. However I suspect it lost out on lot of people who were waiting to upgrade to Mark 4 but did not.
Sir.

 

[mb66energy]

EOS 5D iv prices:
US: 3500 $ Germany: 4065 EUR = 4500 $

EOS 5Ds R:
US 3700 $ Germany: 3700 EUR = 4070 $

The newly introduced 5D iv is much more expensive (here in Germany) compared to the prices in the US while the prices of 5Ds R are at least comparable.

My problem:
100: If a camera is introduced, prices are high (for early adopters) but after roughly one year prices come down substantially. But now a new camera model with improved features and/or IQ is available which might be interesting to upgrade my current equipment. I wait until it is released.
GOTO 100

The other problem:
Just the 5D classic or the EOS M with their limited capabilities in terms of some IQ aspects and features deliver very good photos if I do everything right. The same for Canons basic non-L primes: They deliver very good IQ!
There is no urgent need to upgrade in my case.
O.k. I do no "action photography" that explains that I do not rely on fast + flexible AF ...

Maybe both "problems" explain, that the market is slower at the moment for a lot of "amateurs" who love taking photos but do not rely on e.g. pixel numbers for agencies or customers.

 

[romanr74]

Hi Sanj.
I'm sorry, from your post I'm trying to work out how Canon lost out, instead of spending £3600 on a 5DIV you spent £5200 on a 1DxII.
Seems Canon's ploy worked, they got 30% more of your money than you originally intended to spend!
Have a good day and enjoy that 1DII sir.

Cheers, Graham.

Yes. I also know of a lot of people you refuse to upgrade including people who shoot video because the 4k is not good enough. I also did not upgrade but bought 1dx2.

I never said Canon lost out with me. However I suspect it lost out on lot of people who were waiting to upgrade to Mark 4 but did not.
Sir.

one here...

 

[romanr74]

If you think a possibly wrong product policy is definitely not part of a thread about Canon's shrinking profits, then why don't you ask the moderator to close this thread, as then obviously there is nothing to be said about the topic?

Perhaps it could be said about the topic that Canon's ILC sales were +8% in the most recent quarter. But maybe you were talking about their Office division because of all the copiers you own about which you're terribly disappointed with their lacking features, and all the print shop owners you've talked to who are intimately familiar with Canon's business strategy. :

is this sales or units?
+8% versus what basis?
what was the performance of the comparison basis?
what was the product mix?
what were the ASPs?
how much of these units went into retailer warehouses vs. end customers?
what were the promotions run?

 

[sanj]

Hi Sanj.
I'm sorry, from your post I'm trying to work out how Canon lost out, instead of spending £3600 on a 5DIV you spent £5200 on a 1DxII.
Seems Canon's ploy worked, they got 30% more of your money than you originally intended to spend!
Have a good day and enjoy that 1DII sir.

Cheers, Graham.

Yes. I also know of a lot of people you refuse to upgrade including people who shoot video because the 4k is not good enough. I also did not upgrade but bought 1dx2.

I never said Canon lost out with me. However I suspect it lost out on lot of people who were waiting to upgrade to Mark 4 but did not.
Sir.

one here...

Lots there....

And I gave this another thought. Canon did loose out on me as I would have bought 5d4 for when I need smaller form/weight but will go with 5d3 as that would be a cheaper option and I would not miss anything that 5d4 provides.

 

[M_S]

"Small cars are not wanted in the U.S of A. "

Small cars became popular in the US because they are more power efficient. So far, the opposite appears to be true for MILCs.

Strange that I saw way more SUVs on my trip to the US than small cars then.
This says also otherwise:
http://www.businessinsider.de/us-small-car-market-is-a-disaster-2016-8?r=US&IR=T

So. Again some of those neuro bullshit comments.

 

[Woody]

I know from store owners that Canon did never care about Sony products, but since 2015 they are worried.
In a few years Canon will have products with exactly all functions the A7 series is having today.
Does it mean Canon is stupid then because they care about this oh so irrelevant market?

Functionally, Canon and Sony products may be the same in a few years time. BUT... what about (i) ergonomics (ii) accessories (iii) ease of use (e.g., Sony only started including touchscreen recently for their A6500 while Canon had been doing it for years (iv) service quality or turn-around time?

I owned cameras with loads of functions (well ahead of their time) and sensor quality in the past, but the frustrating handling and awful service quality forced me to get rid of them. I would rather have cameras with lesser functions and poorer image quality but better ergonomics, reliability and service.

YMMV. But based on Canon's market share, it will appear there are many folks out there who agree with me.

 

[Valvebounce]

Hi Woody.
Can I add one to your list please?
Finding that they have dropped the mount or the product range altogether due to the profit margin and known history of ditching whole product lines!

Cheers, Graham.

Functionally, Canon and Sony products may be the same in a few years time. BUT... what about (i) ergonomics (ii) accessories (iii) ease of use (e.g., Sony only started including touchscreen recently for their A6500 while Canon had been doing it for years (iv) service quality or turn-around time?

I owned cameras with loads of functions (well ahead of their time) and sensor quality in the past, but the frustrating handling and awful service quality forced me to get rid of them. I would rather have cameras with lesser functions and poorer image quality but better ergonomics, reliability and service.

YMMV. But based on Canon's market share, it will appear there are many folks out there who agree with me.

 

[AvTvM]

...
Perhaps it could be said about the topic that Canon's ILC sales were +8% in the most recent quarter.
...

Well, I would not hang my hopes for Canon on one quarterly result which is probably just a reflection of various product introductions or products becoming available in market(s) or some form of seasonalities. Also, are we talking units shipped? units sold? vs. previous quarter? or vs. same quarter previous year? +8% per se is pretty much meaningless without context.

I prefer to look at annual data rather than quarterly results and their fluctuations.