Olympus hangs $57 million loss on austerity, strong yen and declining compact camera market

Olympus hangs $57 million loss on austerity, strong yen and declining compact camera market

Olympus is reporting a $56.7 million loss for its first quarter of 2012. While its coveted medical imaging arm remains profitable, its life-science and industrial unit suffered thanks to corporate belt-tightening. Unsurprisingly, its low-end compact camera market is shrinking, but sales of its OM-D E-M5 ILC increased by 50 percent, offsetting some of the losses and reducing operating losses from $89 million last quarter to $19 million in this one. Like many of its Japanese rivals, it’s also found a strong yen has stifled its return to productivity, a trend that isn’t likely to change soon.

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Olympus hangs $57 million loss on austerity, strong yen and declining compact camera market originally appeared on Engadget on Thu, 09 Aug 2012 05:16:00 EDT. Please see our terms for use of feeds.

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Nikon 1 J2 mirrorless camera: minor control tweaks, $549, ships in September

DNP Nikon 1 J2 mirrorless camera minor control tweaks, $549, ships in September

Not even a year after Nikon ceremoniously entered the mirrorless world, it’s issuing the followup to the J1: it’s the Nikon 1 J2, and it’s — at most — a gentle revision to a camera that was near-universally hailed as being one of the more disappointing ILC options. Disappointing, of course, because it’s Nikon. A company that quite clearly knows a thing or two about photography (D3S / D4, anyone?), but seemed to miss the mark in terms of price, performance and lens compatibility. With the J2, it sort of feels like a do-over. Outside of a slightly tweaked orange color and a reimagined exterior finish, the J2 is identical in size to the J1. You’ll find the same 10.1 megapixel CMOS sensor (1-inch), the same autofocus system and support for the same lens collection. What’s new are the additions to the Mode Selector dial, which add a smattering of creative options and access to P/S/A/M exposure modes. The rear LCD has seen its resolution double (to 921,000 dots, same as on the D4), and the camera has been intelligently designed to turn on when extending a 1 Series lens out, and turn off when retracting it into storage.

Perhaps most importantly, Nikon’s finally on the same playing field in terms of asking price. The J2 will ship in September for $549.95, and that includes the same 10-30mm f/3.5-5.6 kit lens that shipped with the J1. If you’ll recall, the J1 kit started at $100 more, yet offered far less punch than Sony’s cheaper NEX-C3. It’s also worth noting that one other player has joined the ILC movement since the J1: Canon. Arguably, the EOS M still beats the J2 in practically every way; the thing that really needed an overhaul in the J2 was the meager 1-inch sensor, yet it remains. Perhaps the best news out of this ordeal is that the J1 isn’t immediately going away. Nikon confirmed that it’d remain on store shelves for an undetermined amount of time, likely at a nice discount. If it’s offered low enough, it may be easier to live with the shortcomings.

In terms of accessories, Nikon’s also introducing an optional 11-27.5mm f/3.5-5.6 lens ($189.95; ships next month) for the 1 Series. Though similar (on paper) to the 10-30mm kit lens, this guy is nearly 30 percent smaller from a physical size and weight standpoint. And on the other extreme, there’s the WP-N1 waterproof case. This one’s engineered to encase both the J1 and J2 for beneath-the-sea action up to 140 feet deep, but the staggering $749.95 (!) price tag is bound to attract jeers, chuckles and blank stares. Now, underwater cases of merit aren’t ever “affordable,” but offering an enclosure that’s a full $200 more than the hardware it protects? Questionable. That said, we’d certainly relish the chance to test one out, but you best be sure that Nikon’s J1 / J2 is going to be your underwater cam of choice for a long while before plunking down that much coin.

Continue reading Nikon 1 J2 mirrorless camera: minor control tweaks, $549, ships in September

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Nikon 1 J2 mirrorless camera: minor control tweaks, $549, ships in September originally appeared on Engadget on Thu, 09 Aug 2012 00:01:00 EDT. Please see our terms for use of feeds.

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Nikon makes $201 million quarterly profit, nearly 50 percent drop from last year, blames strong yen

Nikons 2013 Q1 $201 million in profit down nearly 50 percent from last year

Nikon’s odd financial calendar means that the camera maker is announcing its first quarter results for 2013. The confusingly-dated documents show that it isn’t having the best Spring / Summer, since while it pulled in a net profit of $201 million, that figure is down nearly 50 percent on the $392 million it made in the same period last year. It sold a record number of interchangeable-lens cameras, lenses and a good number of compact cameras, but that was offset against the high cost of the yen.

Its other businesses, Precision Equipment and Instruments both suffered thanks to Government spending cuts, a “harsh business climate” and the now age-old problem of the high exchange rate. It’s expecting the situation to remain the same in the next three months, with booming camera sales weight against losses in its other businesses — with a projected profit of $143 million anticipated in Q3.

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Nikon makes $201 million quarterly profit, nearly 50 percent drop from last year, blames strong yen originally appeared on Engadget on Wed, 08 Aug 2012 06:47:00 EDT. Please see our terms for use of feeds.

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Unannounced Sony NEX-5R and NEX-6 cameras could pack wireless connectivity

Sony NEX 5R and NEX 6 appear on Indonesian POSTEL database with WiFiconnectivity

Sony’s NEX camera series hasn’t made much noise so far this year, aside from its new entry-level F3 model. But that’s likely to change soon, with a pair of new mirrorless model numbers appearing in Indonesian POSTEL listings. They’ve since been nixed, but not before the eagle eyes at Sony Alpha Rumors plucked this screen grab of the NEX-5R and NEX-6. It’s the Wireless LAN part (which resulted in this listing) that’s piqued our interested, suggesting that Sony’s next generation of ILCs will also board the wireless connectivity train. There’s no more detail to glean from the listing, although rumors (and hopeful prayers) point to an announcement ahead of premier camera show, Photokina, which kicks off next month.

[Thanks Andrea]

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Unannounced Sony NEX-5R and NEX-6 cameras could pack wireless connectivity originally appeared on Engadget on Fri, 03 Aug 2012 04:29:00 EDT. Please see our terms for use of feeds.

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Canon reports higher profits, lower net income in Q2, points finger at pricey yen

Canon reports lower profits in Q2, points finger at pricey yen

Canon’s financial results for Q2 2012 reveal an operating profit 18 percent greater than the results from the same quarter last year. However, net income has dropped from 61.5 billion yen to 51.7 billion yen since last quarter. The company saw demand grow for its DSLRs, both professional and entry-level, while sales of point-and-shoots continued to contract. The ever-increasing value of the yen — and weakened demand in Europe — has put a dent in its important overseas sales — and profits. Perhaps the promise of Canon’s first mirrorless ILC later this year will be enough get wallets out in the euro zone.

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Canon reports higher profits, lower net income in Q2, points finger at pricey yen originally appeared on Engadget on Wed, 25 Jul 2012 03:12:00 EDT. Please see our terms for use of feeds.

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Canon EOS M mirrorless camera hands-on (video)

Canon EOS M mirrorless camera handson video

There have been plenty of false alarms in recent months, but Canon’s first mirrorless interchangeable lens camera (ILC) is finally here — in fact, we’re holding it in our hands. The EOS M is clearly reminiscent of a point-and-shoot, such as the company’s high-end PowerShot S100. Sure, Canon could have added some of the dedicated controls that its professional user base would demand, but photojournalists aren’t the target here, for a few reasons. Canon’s primary motivation, at least from an official perspective, was to create a camera that serves to bridge the gap between pocketable compacts and full-size DSLRs with a simple user interface designed to educate, not intimidate. Also key, however, was avoiding cannibalization of the company’s low-end and mid-range Digital SLR models, which clearly still have a place in the lineup one tier above this ILC.

Consumers willing to sacrifice hardware controls for a touchscreen-driven UI won’t be missing out on much else — functionally, the EOS M is a near-clone of Rebel T4i with the same 18-megapixel APS-C CMOS sensor, DIGIC 5 processor and 3-inch touchscreen. Even the advanced two-stage focusing system has made its way from the T4i, which utilizes both phase-difference and contrast AF in order to achieve focus more efficiently when capturing video. The housing design and lens mount are unlike any other that Canon has produced, however, combining features from other models without completely eliminating the need for a DSLR, or a compact for that matter. If you can get by without granular controls, you’ll do just fine here — the design really is spectacular. With an $800 price tag, the EOS M falls within the upper tier of the mirrorless category, and it remains to be seen whether it will be an obvious pick when it finally hits stores in October, a month after competitors tease their own products at the massive Photokina expo in Germany. How does it fare today? You’ll find our impressions just past the break.

Continue reading Canon EOS M mirrorless camera hands-on (video)

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Canon EOS M mirrorless camera hands-on (video) originally appeared on Engadget on Mon, 23 Jul 2012 15:52:00 EDT. Please see our terms for use of feeds.

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Canon EOS M video shows off touchscreen UI, accessories, color variants (updated: link to sample images)

Canon EOS M video shows off touchscreen UI, accessories, color variants

Welcome to the land of good complexions, whiny mopeds and surprisingly early Canon hands-on videos. While most English-speaking journos have only been given the briefest glimpse of the new $800 mirrorless EOS M, Italian site PMStudioNews has posted a full hands-on video to YouTube. It shows a red variant of the 18-megapixel, APS-C shooter, in addition to the black and white models we’ve already seen, plus a beige leather case if you fast-forward around seven minutes. More importantly though, it shows off the touchscreen UI in some detail, including touch-to-shoot and a screen layout that looks quite different to what we’ve known from the button- and dial-heavy G1 X and its predecessors, and more like that of the Rebel T4i entry-level DSLR. Sure, it offers full manual control, but it also looks kinda fiddly — something we’ll look out for when it comes to review time in the Fall.

Update: Canon has produced some sample stills and videos to show what the camera can do. Also, a helpful reader just spotted that DigitalCameraWorld has posted a hands-on video too, and it’s in English.

Continue reading Canon EOS M video shows off touchscreen UI, accessories, color variants (updated: link to sample images)

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Canon EOS M video shows off touchscreen UI, accessories, color variants (updated: link to sample images) originally appeared on Engadget on Mon, 23 Jul 2012 05:11:00 EDT. Please see our terms for use of feeds.

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Canon mirrorless camera now a reality, behold the EOS M

It was about time and don’t tell us that you never dreamed of a compact mirrorless camera from Canon that also happen to be compatible with Other Canon lenses!
Announced worldwide, the EOS M is a 18Mpix APS-C EF compatible Camera capable to shoot 1080p video and come with an ISO speed ranging from 100 up to 25,600!!! The EOS M sports Canon latest Digic 5 Image Engine and a nice 3” smudge resistant touch-screen. Want one? Well don’t worry the EOS M is far from being expensive and will cost you …

Canon unveils EOS M mirrorless: 18 MP APS-C, EF compatibility, $800 in October with 22mm lens

Canon unveils EOS M mirrorless 18 MP APSC, 3inch touchscreen, EF compatibility, ships in October for $800 with 22mm lens

Rumors of a Canon mirrorless camera have circled the web since long before Nikon’s foray into the compact ILC space. And while that manufacturer’s model fell far short of some expectations, it appears that Canon’s iteration may in fact have been worth the not-so-insignificant wait. Unlike the Nikon 1 Series, Canon’s new EOS M isn’t a drastic departure from the company’s existing mid-range DSLR lineup. In fact, under the hood it’s quite similar to the Rebel T4i, with an 18-megapixel APS-C CMOS sensor, DIGIC 5 processor, 3-inch 1.04MP smudge-resistant touchscreen and the T4i’s new hybrid autofocus system, which pairs both contrast and phase-difference AF for speedier, more accurate performance. Externally, however, the EOS M looks more like a cross between the PowerShot G1 X and S100, tipping the scale at 14.2 ounces with the included EF-M 22mm f/2 STM kit lens, compared to 27.4 ounces for the T4i, and 19 for the G1 X. It’s physically smaller than the G1 X as well, and only slightly larger than the pocketable S100. The camera offers a sensitivity range in line with the competition, ranging from 100 to 25,600 (extended) in still mode and 12,800 (extended) when shooting video — captured in 1920 x 1080 format at 24, 25 or 30 progressive frames per second. There’s also a continuous shooting mode at 4.3 frames per second with fixed focus and exposure.

The EOS M’s control layout should be more familiar to Canon point-and-shoot owners than DSLR users — as one component of the size compromise, dedicated buttons are replaced with touchscreen options and a bit of menu diving. There’s also no electronic viewfinder, though a full-size hot shoe is included with full support for Canon’s lineup of Speedlite flashes, including the new $150 90EX strobe and ST-E3-RT Transmitter, and the GP-E2 GPS Receiver. Though the camera lacks certain direct controls, it still supports full manual shooting, even in video mode. There’s also a built-in stereo mic with manual level adjustment. In addition to that 22mm kit optic, Canon is offering an EF-M 18-55mm f/3.5-5.6 IS STM lens for $300, or you can add the $200 EF-EOS M mount adapter to enable use with existing lenses. The $800 EOS M kit is set to ship in October, and will be available in retail stores in black, though Canon’s online store will also stock a white model (which will be paired with the same black lens). You can peek at both configurations, along with the new lenses and accessories in the gallery below. Then shoot past the break for the full PR from Canon.

Michael Gorman contributed to this report.

Continue reading Canon unveils EOS M mirrorless: 18 MP APS-C, EF compatibility, $800 in October with 22mm lens

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Canon unveils EOS M mirrorless: 18 MP APS-C, EF compatibility, $800 in October with 22mm lens originally appeared on Engadget on Mon, 23 Jul 2012 00:00:00 EDT. Please see our terms for use of feeds.

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Leaked EOS M photo looks like Canon’s long-awaited mirrorless camera

Leaked EOS M photo looks like Canon's longawaited mirrorless camera

At this point, after strong hints and even patents, a Canon mirrorless camera is all but certain. The only question is what it’ll look like and how it’ll compete with other Micro Four Thirds and APS-C shooters like the Olympus E-M5 and Samsung’s NX range. The image above may at least help to answer the first part of that question, if it isn’t a masterful photoshop. It was reportedly leaked by retail sites and captured by Digicame-info, and it appears to show an unknown model called the EOS M (shown in the top left corner) — which does indeed look like a thin and lightweight mirrorless ILC. MirrorlessRumors also notes the presence of an entirely new mount: the EF-M — which may mean that Canon is moving away from the inbetween sensor size it used in the G1 X and possibly towards full APS-C. An official announcement is expected on July 23rd, so we’ll know plenty more then.

Update: Some more pictures have surfaced, this time not glossy press photos, but some IRL shots. Check ’em out below and at the more coverage links.

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Leaked EOS M photo looks like Canon’s long-awaited mirrorless camera originally appeared on Engadget on Fri, 20 Jul 2012 03:03:00 EDT. Please see our terms for use of feeds.

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