By Lisa Johnston
New products on display at the American International Toy Fair, held in N
Tokyo – Due mainly to growth in its medical equipment businesses, Olympus said Wednesday it returned to black in fiscal year 2012.
It reported a group net profit of $78.4 million (8.02 billion yen), compared with a loss of $479 million (48.99 billion yen) in the previous year.
But company president Hiroyuki Sasa said Olympus sustained a greater than anticipated operating loss of $225 million (23.07 billion yen) from its imaging business, mainly consisting of digital cameras.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
Melville, N.Y. – Nikon introduced Tuesday its latest 1 Nikkor lens – the 1 Nikkor 32mm f/1.2 medium telephoto lens, for the company’s popular Nikon 1 mirrorless compact system cameras.
The 1 Nikkor 32mm f/1.2, which is shipping in June in a choice of black or silver at a $900 suggested retail, was originally introduced as a development lens in October 2012. As a regular line introduction, the lens stands as “the fastest ever in the growing 1 Nikkor line,” Nikon said.
Tokyo — Nikon reported that net sales rose, but net and operating profits were down by double digits for its fiscal year, ended March 31.
Nikon said in its imaging products business, the interchangeable-lens market climate “took a sharp turn for the worse from the middle of the third quarter. Additionally, the compact digital camera market continued to shrink.” Sales for its precision equipment instruments business were also off.
Weymouth, Mass. — Connected and smart cameras generate the highest level of interest from new camera shoppers, according to a survey released Thursday by InfoTrends.
The study found Wi-Fi-enabled cameras received the highest interest ratings of all the product concepts presented.
In 2012, less than 15 percent of all camera models introduced connectivity features. In 2013, that will likely be closer to 30 percent, while 100 percent of camera phones are connected, InfoTrends said.
Boston – The chief executives of the Gordon Brothers Group, the advisory, lending, investment and liquidation firm based here, which holds the rights to the Polaroid brand, issued an open letter of thanks to those who should their support in the wake of the recent Boston Marathon Bombing tragedy.
Gordon Brothers CEO Michael G. Frieze; president Kenneth S. Frieze COO Robert L. Paglia issued the following statement Thursday:
“Friends and partners,
Ronkonkoma, N.Y. — Sigma introduced Thursday a 60mm F2.8 DN Art lens for mirrorless compact system cameras, adding a new focal length in the company's lineup for both Micro Four Thirds and Sony E-mount cameras.
Sigma's 60mm F2.8 DN Art lens will hit shelves mid-May at a $239 estimated street price.
First revealed at the CP+ Camera and Photo Imaging Show in Japan earlier this year, the 60mm F2.8 joins Sigma’s other DN lenses for mirrorless compact system cameras — the 19mm F2.8 DN and the 30mm F2.8 DN.
Commack, N.Y. — Tamron USA is celebrating national photo month by staging a Photo Scavenger Hunt.
Participants will creatively photograph 14 clues and set up an exhibit at Tamron's 3D virtual online sharing experience, MyPhotoExhibits.com, by May 31.
Tamron will pick the best overall exhibit based on image quality and creative interpretation of the clues. The winner will receive the SP 24-70mm F/2.8 Di VC USD zoom lens with image stabilization ($1,300 retail value).
Denver — Pentax Ricoh Imaging is celebrating national photo month this month by issuing a range of products promotions, price drops and consumer instant rebates on Pentax interchangeable-lens cameras, compact cameras and lenses.
Photographers can save $100 with an instant rebate on the purchase of the Pentax K-5 II DSLR body or kit this month or the weather-sealed, cold-proof and dust-proof K-30 DSLR body or kit now through June.
Tokyo – Canon reported its operating profit and net income dropped in the double digits for its fiscal first quarter, ended March 31.
Operating profit dropped 33.8 percent from the same period last year to 54.8 billion yen ($551 million) as net income fell 33.5 percent to 40.9 billion yen ($411 million).
Net sales were down 1.5 percent to $8.68 billion.