Free Newsletters - Space News - Defense Alert - Environment Report - Energy Monitor
. 24/7 Space News .




TECH SPACE
Smartphones crushing point-and-shoot camera market
by Staff Writers
Tokyo (AFP) Nov 21, 2012


The soaring popularity of smartphones is crushing demand for point-and-shoot cameras, threatening the once-vibrant sector as firms scramble to hit back with web-friendly features and boost quality, analysts say.

A sharp drop in sales of digital compact cameras marks them as the latest casualty of smartphones as videogame consoles and portable music players also struggle against the all-in-one features offered by the likes of Apple's iPhone and the Samsung Galaxy.

Just as digital cameras all but destroyed the market for photographic film, the rapid shift to picture-taking smartphones has torn into a camera sector dominated by Japanese firms including Canon, Olympus, Sony and Nikon.

"We may be seeing the beginning of the collapse of the compact camera market," said Nobuo Kurahashi, analyst at Mizuho Investors Securities.

Figures from Japan's Camera and Imaging Products Association echo the analyst's grim prediction.

Global shipments of digital cameras among Japanese firms tumbled about 42 percent in September from a year ago to 7.58 million units, with compact offerings falling 48 percent, according to the Association.

Higher-end cameras with detachable lenses fell a more modest 7.4 percent in that time, it said.

Part of the decline was due to weakness in debt-hit Europe and a Tokyo-Beijing territorial spat that has sparked a consumer boycott of Japan-brand products in the China market.

But smartphones have proved a mighty rival to point-and-shoot cameras, analysts say, offering an all-in-one phone, computer and camera with comparatively high quality pictures and Internet photo downloading.

Those features have also dug into videogame makers such as Nintendo, which has just released its new Wii U game console, as smartphone owners increasingly download free online games or store music on the devices instead of using standalone MP3 players.

"The market for compact digital cameras shrank at a faster speed and scale than we had imagined as smartphones with camera functions spread around the world," Olympus president Hiroyuki Sasa told a news briefing this month.

Olympus said its camera business lost money in its fiscal first-half due to the growing popularity of camera-equipped smartphones, and a strong yen which makes Japanese exports less competitive overseas.

Digital camera firms have scaled back their sales targets for the fiscal year to March in a "collapsing" market, said Tetsuya Wadaki, an analyst at Nomura Securities.

"Order volumes at parts suppliers currently appear to be down more than 30 percent year-on-year," Wadaki said.

Firms are scrambling to keep improving picture quality, offer features such as water-proofing and expand their Internet features, like allowing users to share pictures through social media networks.

Camera makers say growth areas include emerging economies -- where many own neither a camera nor a smartphone -- along with replacement demand among compact-camera owners.

And the fall-off in demand has not been as stark for the pricier detachable lens cameras favoured by avid photographers and growing ranks of camera-buff retirees, particularly in rapidly ageing Japan, they say.

Another emerging battleground is for mirror-less cameras which can be made nearly as small as compact cameras but with picture quality that rivals their bulkier counterparts.

Canon insists the market has not been abandoned to smartphones.

"Demand for quality snapshots is there, like taking pictures of your friends' weddings, an overseas vacation, or your children," a Canon spokesman said.

"We believe there are many people who need compact cameras," he added.

Mizuho analyst Kurahashi acknowledged that compact cameras "will not disappear".

"But we see the current trend continuing as image quality in smartphone cameras steadily improves," he said.

"The compact camera market is going to keep shrinking and it's difficult to forecast any immediate comeback, or have any optimism."

.


Related Links
Space Technology News - Applications and Research






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





TECH SPACE
Windows 8 phone users tell of glitches
Redmond, Wash. (UPI) Nov 19, 2012
Microsoft has confirmed it is investigating reports of Windows Phone 8 devices suffering random reboots and problems syncing email messages. Windows 8 smartphones from both Nokia and HTC are having issues with random reboots, Slash Gear reported Monday. While Microsoft told CNET, "We are currently investigating reports of these incidents," it has been unable to offer users any ad ... read more


TECH SPACE
China's Chang'e-3 to land on moon next year

Moon crater yields impact clues

Study: Moon basin formed by giant impact

NASA's LADEE Spacecraft Gets Final Science Instrument Installed

TECH SPACE
Martian And Terran History Finding a common denominator

Meteorites reveal warm water existed on Mars

NASA Rover Providing New Weather and Radiation Data About Mars

CU LASP package ready for MAVEN integration bound for Mars

TECH SPACE
NASA Selects Information Technology Flight Operations Support Contract

SciTechTalk: All work and no play?

Get some bed rest - all 21 days of it

Latest China military hardware displayed at airshow

TECH SPACE
Mr Xi in Space

China plans manned space launch in 2013: state media

China to launch manned spacecraft

Tiangong 1 Parked And Waiting As Shenzhou 10 Mission Prep Continues

TECH SPACE
Three ISS crew return to Earth in Russian capsule

Station Crew Off Duty After Undocking

Space station command changes

Russia restores space contact after cable rupture

TECH SPACE
France, Germany seek Ariane compromise at ESA space meet

ILS Launches the EchoStar XVI Satellite

Arianespace's fourth Spaceport mission with Soyuz ready for fueling

Ariane 5's sixth launch of 2012

TECH SPACE
Rare image of Super-Jupiter sheds light on planet formation

Astronomers Directly Image Massive Star's 'Super-Jupiter'

NASA's Kepler Wraps Prime Mission, Begins Extension

Lowell astronomer, collaborators point the way for exoplanet search

TECH SPACE
Smartphones crushing point-and-shoot camera market

Britain's oldest computer gets a 'reboot'

Global mobile data traffic doubled in year: Ericsson

China sets special funds to boost rare earth sector




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement