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

[neuroanatomist]

The best way would be to release products that overfulfil expectations and include everything you can implement at that time, even if that means that there is no clue which features are left to add in future models.

Well, when you own a company that makes cameras, you can decide 'the best way'. But in the case of Canon, it's not your call. And given that their status in the market, including the fact that they're currently gaining market share, there's not only no evidence to support your viewpoint, the data suggest you don't know what the heck you're talking about.

Sorry to put that kind of pressure on manufacturers, but the prices they charge give the right to demand it.

Amusing that you think you can put pressure on and make demands of Canon. Are you a corporate officer or a major shareholder? No, I didn't think so.

 

[Ozarker]

The best way would be to release products that overfulfil expectations and include everything you can implement at that time, even if that means that there is no clue which features are left to add in future models.

Well, when you own a company that makes cameras, you can decide 'the best way'. But in the case of Canon, it's not your call. And given that their status in the market, including the fact that they're currently gaining market share, there's not only no evidence to support your viewpoint, the data suggest you don't know what the heck you're talking about.

Sorry to put that kind of pressure on manufacturers, but the prices they charge give the right to demand it.

Amusing that you think you can put pressure on and make demands of Canon. Are you a corporate officer or a major shareholder? No, I didn't think so.

What's that quote from that movie with Clint Eastwood? Oh yeah, "You're a legend in your own mind." (AKA: Doug Laurent)

https://www.youtube.com/watch?v=CZstgDZoLkA

 

[romanr74]

I only see self-inflated opinions in these "business threads", on both ends. That some constantly describe their opinions as "objective reality" doesn't add to credibility...

 

[AvTvM]

Amusing that you think you can put pressure on and make demands of Canon. Are you a corporate officer or a major shareholder? No, I didn't think so.

no, even better: i am an - actual and potential - customer of Canon. me and my wallet decide over every single product Canon makes and over their corporate fate ... with ultimate power. and as a customer i have every right to *demand* what kind of gear my suppliers shall provide. during the last 3 years canon has not been supplying the gear i want (powerful, small MILC systems, both APS-C and FF-sensor) so i have purchased much less from them in the past few years. and 5D3 definitely was my last mirrorslapper.

obviously, it is not only me, but many other Canon customers have done the same, as evidenced in by the shrinking number of units sold.

economy is really simple and straightforward. fulfill market demand or go under.

 

[neuroanatomist]

I only see self-inflated opinions in these "business threads", on both ends. That some constantly describe their opinions as "objective reality" doesn't add to credibility...

Then you're not seeing well, or you're not able to comprehend what you read.

Or maybe you just think statements like, "Canon predicts only a 1% drop in FY16 y/y ILC sales in a market where overall ILC shipments are dropping much more, which means they're likely gaining significant market share and further enhancing their domination of the ILC market," and, "The 5DIV is the #2 best-selling dSLR on Amazon.com, suggesting it's quite popular," carry the same objective credibility as statements like, "Main problem with Canon is that they act as if it was still 1960-2012, when they probably indeed knew what they were doing," and, "Subjectively 50% of all people are disappointed with the 5DIV." If you can't make a distinction between a fact-based argument and unsupported opinion, I feel sad for you.

 

[neuroanatomist]

no, even better: i am an - actual and potential - customer of Canon. me and my wallet decide over every single product they make. and over their corporate fate. with ultimate power. ... fulfill market demand or go under.

Lol. Talk about a self-inflated opinion! You are not the market. To Canon, your individual purchasing decisions are as irrelevant as a single bacterium feeding on whale excrement at the bottom of the ocean.

 

[rrcphoto]

They are fighitng with Nikon and Sony over a sector that is shrinking and changing. If Canon tanks it will have nothing to do with DSLR sales, and everything to do with its inability to adapt to a changing world. Lucky for Canon that DSLR's are not there only income stream.

but canon's long term plan is obviously to minimize the impact of a smaller camera market. the purchase of Axis and Toshiba medical stated that really.

Sony isn't making any headway in the falling market, and Nikon's marketshare is shrinking.

Anything they are doing to minimize impact at this point is damage control. They didn't make any moves quick enough and it reflects in Canon's stock price.

true .. but when you think about it, M&A's don't happen over night. Ones like Toshiba take the right kind of circumstances to become available (ie: toshiba getting into alot of trouble)

Canon's main businesses were two basic lines printers and cameras. both of which have seen major market downturns and shifts the last 5 years.

 

[rrcphoto]

as evidenced in by the shrinking number of units sold.

what shrinking number of units sold?

you know what's stupid? this could have been an interesting thread because canon said alot of "interesting" things that involve people that use their cameras, and most people take the top line item and push their agenda.

I would have gladly rather have had 8 pages of discussion over what this means for canon's ILC product mix between DSLR and MILC and what the future may hold. for example we're still seeing Canon push a ton of M's into Asia - evidenced by what they are saying about the M's. It sounds like they are expecting / wanting the M5 to go big or go home in Europe and USA. But that's pretty small potatoes you'd think compared to the volumes from Asia.

instead a bunch of 5D Mark IV whining got interjected into this thread that isn't even relevant.

 

[neuroanatomist]

instead a bunch of 5D Mark IV whining got interjected into this thread that isn't even relevant.

Of course it's relevant. 50% of all people are disappointed with it. AvTvM didn't buy one. Clearly, Canon is doomed, all you have to do is connect the dots!

;D

 

[rrcphoto]

instead a bunch of 5D Mark IV whining got interjected into this thread that isn't even relevant.

Of course it's relevant. 50% of all people are disappointed with it. AvTvM didn't buy one. Clearly, Canon is doomed, all you have to do is connect the dots!

;D

it's been out for 2 months and still #2 in DSLR on amazon. which is a little remarkable for such a loser camera.

#1 best seller in bhphotovideo as well.

Kind of strange that I don't see the A99 II up there which is the holy panacea of SLR photography.

 

[Orangutan]

Amusing that you think you can put pressure on and make demands of Canon. Are you a corporate officer or a major shareholder? No, I didn't think so.

no, even better: i am an - actual and potential - customer of Canon. me and my wallet decide over every single product they make. and over their corporate fate. with ultimate power. and as a customer i have every right to make demands on what kind of gear my my suppliers shall provide. canon has ot been supplying the gear i want, so i have purchased mich less from them in the past few years. and many other customers are doing the same, as evidenced in by the shrinking number of units sold. economy is really simple and straightforward. fulfill market demand or go under.

This is similar to your power at the ballot box: you can express your personal expectations for the politicians; however, in the end, it's the aggregate expression of expectation that counts. For consumer products it's the aggregate purchasing that counts.

 

[romanr74]

I only see self-inflated opinions in these "business threads", on both ends. That some constantly describe their opinions as "objective reality" doesn't add to credibility...

Then you're not seeing well, or you're not able to comprehend what you read.

Or maybe you just think statements like, "Canon predicts only a 1% drop in FY16 y/y ILC sales in a market where overall ILC shipments are dropping much more, which means they're likely gaining significant market share and further enhancing their domination of the ILC market," and, "The 5DIV is the #2 best-selling dSLR on Amazon.com, suggesting it's quite popular," carry the same objective credibility as statements like, "Main problem with Canon is that they act as if it was still 1960-2012, when they probably indeed knew what they were doing," and, "Subjectively 50% of all people are disappointed with the 5DIV." If you can't make a distinction between a fact-based argument and unsupported opinion, I feel sad for you.

the only one seeing well and thinking clear on this forum is you and you point that out whenever you can. however sometimes you do that when you are wrong or half-right at best.

 

[Orangutan]

I only see self-inflated opinions in these "business threads", on both ends. That some constantly describe their opinions as "objective reality" doesn't add to credibility...

Then you're not seeing well, or you're not able to comprehend what you read.

Or maybe you just think statements like, "Canon predicts only a 1% drop in FY16 y/y ILC sales in a market where overall ILC shipments are dropping much more, which means they're likely gaining significant market share and further enhancing their domination of the ILC market," and, "The 5DIV is the #2 best-selling dSLR on Amazon.com, suggesting it's quite popular," carry the same objective credibility as statements like, "Main problem with Canon is that they act as if it was still 1960-2012, when they probably indeed knew what they were doing," and, "Subjectively 50% of all people are disappointed with the 5DIV." If you can't make a distinction between a fact-based argument and unsupported opinion, I feel sad for you.

the only one seeing well and thinking clear on this forum is you and you point that out whenever you can. however sometimes you do that when you are wrong or half-right at best.

Examples please?

 

[romanr74]

I only see self-inflated opinions in these "business threads", on both ends. That some constantly describe their opinions as "objective reality" doesn't add to credibility...

Then you're not seeing well, or you're not able to comprehend what you read.

Or maybe you just think statements like, "Canon predicts only a 1% drop in FY16 y/y ILC sales in a market where overall ILC shipments are dropping much more, which means they're likely gaining significant market share and further enhancing their domination of the ILC market," and, "The 5DIV is the #2 best-selling dSLR on Amazon.com, suggesting it's quite popular," carry the same objective credibility as statements like, "Main problem with Canon is that they act as if it was still 1960-2012, when they probably indeed knew what they were doing," and, "Subjectively 50% of all people are disappointed with the 5DIV." If you can't make a distinction between a fact-based argument and unsupported opinion, I feel sad for you.

the only one seeing well and thinking clear on this forum is you and you point that out whenever you can. however sometimes you do that when you are wrong or half-right at best.

Examples please?

the legal mandate of a corporation...

 

[takesome1]

Amusing that you think you can put pressure on and make demands of Canon. Are you a corporate officer or a major shareholder? No, I didn't think so.

no, even better: i am an - actual and potential - customer of Canon. me and my wallet decide over every single product they make. and over their corporate fate. with ultimate power. and as a customer i have every right to make demands on what kind of gear my my suppliers shall provide. canon has ot been supplying the gear i want, so i have purchased mich less from them in the past few years. and many other customers are doing the same, as evidenced in by the shrinking number of units sold. economy is really simple and straightforward. fulfill market demand or go under.

This is similar to your power at the ballot box: you can express your personal expectations for the politicians; however, in the end, it's the aggregate expression of expectation that counts. For consumer products it's the aggregate purchasing that counts.

Have you heard? The election is rigged.

 

[neuroanatomist]

the only one seeing well and thinking clear on this forum is you and you point that out whenever you can. however sometimes you do that when you are wrong or half-right at best.

Examples please?

the legal mandate of a corporation...

I missed where I was proven wrong on that one example (I'm sure you understand the difference between singular and plural). Care to elaborate? Just a heads-up, if you're going to cite the NYT article from April, 2015 entitled, "Corporations do not have to maximize profits," do remember to point out that it's from their Opinion Pages section, and please also include the adjacent article entitled, "A duty to shareholder value," which concludes the opposite.

Incidentally, I have been wrong several times on CR, and I have no problem admitting it when it's pointed out.

 

[romanr74]

the only one seeing well and thinking clear on this forum is you and you point that out whenever you can. however sometimes you do that when you are wrong or half-right at best.

Examples please?

the legal mandate of a corporation...

I missed where I was proven wrong on that one example (I'm sure you understand the difference between singular and plural). Care to elaborate? Just a heads-up, if you're going to cite the NYT article from April, 2015 entitled, "Corporations do not have to maximize profits," do remember to point out its from their Opinion Pages section, and please also include the adjacent article entitled, "A duty to shareholder value," which concludes the opposite.

Incidentally, I have been wrong several times on CR, and I have no problem admitting it when it's pointed out.

no, smartass, i do not know the difference between plural and singular... (or i just dont care). you're pointing out yourself that there are conflicting opinions. so your clear position was half-true at best but that didn't keep you from attributing me the business acumen of jello when i challenged the correctness of your statement. i'm sure we agree that makes you very credible...

 

[neuroanatomist]

no, smartass...

Name calling? You're sounding more credible and erudite by the minute... :

As for 'conflicting opinions', the same can be said about the shape of the earth, but that doesn't make the position of those who state that the earth is spherical 'half-true at best', or add credibility to members of the Flat Earth Society.

 

[romanr74]

no, smartass...

Name calling? You're sounding more credible and erudite by the minute... :

As for 'conflicting opinions', the same can be said about the shape of the earth, but that doesn't make the position of those who state that the earth is spherical 'half-true at best', or add credibility to members of the Flat Earth Society.

one of your favourites. always interesting again. yet without anything meaningful to say, why not...

so law scholars discuss the meaning and applicability of this court decision, yet neuro is cristal clear about who of them are the flat earth society. convincing to me...

 

[dak723]

no, even better: i am an - actual and potential - customer of Canon. me and my wallet decide over every single product Canon makes and over their corporate fate ... with ultimate power. and as a customer i have every right to *demand* what kind of gear my suppliers shall provide. during the last 3 years canon has not been supplying the gear i want (powerful, small MILC systems, both APS-C and FF-sensor) so i have purchased much less from them in the past few years. and 5D3 definitely was my last mirrorslapper.

obviously, it is not only me, but many other Canon customers have done the same, as evidenced in by the shrinking number of units sold.

economy is really simple and straightforward. fulfill market demand or go under.

This explains a lot about why some folks are so arrogant on this forum.

"...as a customer i have every right to *demand* what kind of gear my suppliers shall provide."

No, as a customer you have every right to buy the products you want from the companies you want. You have absolutely to right to DEMAND anything. "my suppliers" ?? No, Canon, or any other camera company, is not your supplier. A supplier is someone who works under contract for someone else. Canon does not work for you. They are not your supplier.

The incredible negative attitude towards Canon - especially towards their attitude when it comes to mirrorless is becoming more amusing the more I learn about mirrorless and lens design. Based on what I have learned is this: Sony came out with their FF mirrorless cameras a couple years ago. Apparently they were designed to be APS-C originally, but then Sony decided to switch to FF. They did so without changing the flange distance, which is arguably way too short for FF lens design with the current sensor technology. Gear-heads, seeing a new revolutionary new product, flood the internet with praise for these cameras despite poor lens performance and a limited lens selection due to the short flange distance issue. Sony - despite providing a below par product - is considered the tech leader that everyone else should follow. Canon is criticized unmercifully for "being conservative" and "lagging behind." Maybe, just maybe, Canon is right in waiting until these problems are worked out with curved sensors or other technology that will bring more light rays hitting the sensor at a more efficient angle.

Who knows if Canon will slip because of all of these negative reviews and the constant criticism. But personally, I would prefer a company such as Canon, that waits until the technology is worked out and perfected before releasing a new product, as opposed to Sony that produces new products that have unresolved issues that are yet to be solved.