Nikon’s Sales Aren’t Bad But Still Not Enough As Losses Grow
It’s probably not breaking news that 2020 is a pretty tough year for the camera industry.
Photo by Math from Pexels.
This follows years of declining sales that have some analysts still wondering exactly where the bottom of all of this is.
Yet there is some hope as Nikon reported a better-than-expected sales increase of 58% but also higher losses ¥-23.1B, FStoppers reports.
Imaging products experienced both a sales increase as well as huge losses, ¥39.3B in revenue with ¥-19.3B in losses with ¥15.5B of that being due to “impairment losses” or asset depreciation tied to imaging equipment in Japan and Thailand. Without that special charge, some are noting that the division is more break even than the numbers would otherwise suggest.
Two areas of weakness…
This is only a snippet of a Photography Article written by Kehl Bayern
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