Stock Notice: Canon EOS R5 Mark II at B&H Photo
- Thread starter Canon Rumors
- Start date
I find it hard to believe in the limited stock notices when every time I look I can order and get the items in question.
Be that the 24-105 2.8 Z, the 35mm 1.4 RF VC and more recently the R5 mkii. It seems like Canon is BS'ing us and taking us for mugs. Every new product gets a shortage warning on CR and I can't believe how a global multinational company as big as Canon, with the revenues they have, can be that inept as to run out of parts to produce. We're years out of Covid.
Be that the 24-105 2.8 Z, the 35mm 1.4 RF VC and more recently the R5 mkii. It seems like Canon is BS'ing us and taking us for mugs. Every new product gets a shortage warning on CR and I can't believe how a global multinational company as big as Canon, with the revenues they have, can be that inept as to run out of parts to produce. We're years out of Covid.
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Not sure this is right because I was told by WEX that their September shipment was 20 units and they can't be the only retailer receiving stock.
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They had more than 300 preorders I’ve heard. Seems they get a percentage of preorders. Here a store had 26 preorders and received 2 bodies… Canon could have filled every preorder in Norway by shipping 100 bodies here. But, they’re all in the US.
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What I know is that next time I read "6 months waiting", I'll take it with a huge grain of salt. I got my R5 II without waiting or having preordered it.
And wait for Panamoz to start selling the lens or camera...
And: Pay far less than the "normal" retail price. (I'm about to save euro 1000 on the 100-500).
And wait for Panamoz to start selling the lens or camera...
And: Pay far less than the "normal" retail price. (I'm about to save euro 1000 on the 100-500).
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Where in the UK are you finding R5 IIs in stock? Because believe me I've done a lot of looking (in case I could just get a refund for my defective one and buy another elsewhere rather than waiting for Canon to replace it) and nowhere I've seen has had any available for anything other than "get to the back of our pre-order line" purchase.
Yeah, seemed odd to me too. That's what the shop was told though.
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Exactly the same here (same camera, same lenses). I got them all without preordering or waiting.
Was it luck? Some friends of mine are still waiting after having preordered and "hate" me.
In French: "Tu as une chance de cocu". Literally "lucky as a cuckold" in the sense of being extremely lucky.
It doesn't mean that French cuckolds are lucky...
Nevertheless, I still believe that demand for the R5 II is extremely high, wich was confirmed by many retailers in France and Germany. They would deliver if they could. So would Canon, retaining an available product is plain stupid, especially new customers could buy elsewhere.
That the camera is in high demand is good news!
PS: It's also a fact that many (most) car companies are often unable to provide spare parts, including for urgent repairs (brakes, steering etc...). Month long waiting is not exceptional at all. When, 2 weeks ago, I needed brake caliper parts (sliders columns) for my wife's car, the workshop suggested I get them from a scrap-yard, since he had no idea when he could get them from ***. And I'm speaking of a company famed for excellent customer service, the workshop being an official subsidiary!
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Canon profits most by putting an R5.2 in the hands of everyone who wants one. Adjusting whether stocks are sold domestically or internationally isn't a question of whether you sell in USD INSTEAD of JPY. Instead, it only adjusts whether you sell in USD BEFORE you do in JPY. Canon will still sell to every Japanese who wants to buy. You're saying they'll do the JPY sales later because the yen is weak now. But if it's yet WEAKER in 6 months, the "delay sales in Japan" strategy would cost them money.
I've worked in arbitrage well over a decade so have some professional insight into this and I'd say: it's also impossible to reliably call the tops and bottoms of markets. If you gave foreign orders priority based on today's weak yen, you might find that the yen is yet WEAKER when time to sell to the domestic customers would come. Really, even pros on a trading floor can't tell you what the markets will do, because tomorrow's movements are going to be based on news about things that haven't even happened yet. If Canon was able to predict FX rates good enough to KNOW that they'd maximize income with foreign sales now and domestic sales in 3-6 months, my advice would be that they forget the camera business and just trade FX full time.
So in practice, Canon cannot (should not try to!) predict the FX movements, and probably sticks to a rough ratio among the major markets. They probably also hedge this to some large extent, giving up a potential windfall if rates go one way, in exchange to avoid going bankrupt if rates go the other way.
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I don't know about Japan--though I should after living here almost 20 years--but you're certainly right that regulations on such things differ with respect to market.
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Yes. Also simple things like: import duty, VAT, tax rates their in-country sales child corporations have to pay, laws on implied warranties, exposure to lawsuits, return rates they can get on income not immediately repatriated to the mother ship, etc.
FX hedging is a big one too. Everyone comparing prices is using the spot market (i.e., the price Google gives this second) but they probably locked in exchange rates 6, 12, 24 months ago.
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A price difference doesn't mean one market is being "gouged," any more than it means another market is being favored.
Firms like this make business plans based on only a thin margin of profit that would be totally wiped out if they didn't hedge their FX exposure and the markets went against them. All the firms are locking in their FX exposure, but not all simultaneously, so they're not going to be selling at exactly equivalent rates based on today's FX rate from Google. If firm XYZ seems to have prices that look quite even at the spot rate it just means they happened to lock in their FX exposure around the spot rate. Those that don't, didn't.
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Why do you think it's ineptness? This is a firm that's led serious camera sales since like 1989 by a huge margin and today has the largest share of this market by far. I feel like they know what they're doing!
My guess is that based on how much the MILFF market has shrunk since its peak in 2005 or whenever, Canon probably has just decided to pursue a cautious strategy of smaller assembly lines, smaller component orders and so on. They be willing to give up some sizeable upside instead making absolutely sure they don't lose their shirts either on excess capacity that isn't needed, big hiring drives that result in mass firings if sales don't appear, and so on. They're also experts at modelling us and probably know our shopping patterns better than we know them ourselves. I imagine they determined that even with slow deliveries from a smaller assembly line, most of us will still buy the darn product anyway, that few of will be exasperated to the point of switching to Nikon or Sony. Judging by the people patiently waiting their 5.2 (me!) they're probably right. My wife asks me about it and I can't recall what she's talking about. Oh, THAT. It'll come when it comes. Canon knows we think that way.
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I get my kit from Panamoz who have had stock continously since launch.
Not the UK, but they're cheaper, only list stock they actually have and have an excellent no quibble three year warranty and the kit turns up within a week.
(I never indicated I was talking about the UK btw and it's all made in the same place anyway).
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Come off it. It's being going on for a couple of years now, irrespective of FX trends. The grey market greatly undercuts the UK (and EU) prices over the same periods irrespective of FX rates. It absolutely beats me when despite all the evidence naysayers leap into Canon's defence without any evidence to back up what they claim.
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Worse than that. Tomorrow's movements are going to be based on peoples' often emotional and irrational opinions on news about things that haven't even happened yet.
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I mentioned factors leading to that in a separate comment: VAT, import duties, testing regimes, tax rates on the gross profit etc.
You don't have to believe me, though. I don't really care. Think as you wish.
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I must have missed where you mentioned how those factors are unique to Canon, and do not apply to Sony or Nikon.
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