Rizal Philippines
November 10, 2019
What is the future, not so good not good.
Some people we know in the camera division are being laid off and in the US, camera service center are being shuttered.
From a peak of 120 million units in 2010, the sales of digital cameras has declined by 84%. In 2018, shipments of digital camera, has shrunk to only about 19 million units
Statista
Of that, Canon which holds 10 million units expect that to fall by half in 2019.
All because of smarthphones, which although can not come up par to DSLR qualities have continuously increased MPs, have front and back cameras are capable of 360 degrees and 3d shots and are convenient. No need to lug bulky gears. Plus it comes free with an affordable price. You can have a $200 phone with high resolution camera and which are as good as the SLR. for ordinary photography. But a DSLR can set you back by as much as $500.00 quite tough for ordinary consumer.
Me for example, I not used my point and shoot Canon camera. All used is the camera at my Motorala phone. The digital SLR does not have the feature of immediate sharing the photo once it is shot. At Instagram or FB.
Olympus, Nikon and Canon are reported to be shifting resources to Medical Imaging. (Too late)
Canon sees a 50% decline in sales in 2019 and 81% decline in operating profit We have to be aware of the changing fortunes of time and be prepared
Same happening compared to Kodak, the company that invented Digital Photography
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