July 2013

Nikon ponders impact of smartphones on camera market
Nikon Board Member Makoto Kimura in a recent Q&A on Nikon's future: "it is crucial that we determine how best to adapt our strategies in response to market changes, particularly in terms of new products and product lineups. The rapid penetration of smartphones is causing the compact digital camera market to shrink. Previously, cameras and smart devices were not direct competitors. However, in the current market structure in which these products are competing, we must examine closely the concepts on which our compact digital camera offerings should be based. Thus, when it comes to interchangeable lens-type digital cameras, we need to question our ability to offer truly innovative functions and performance." [See whole Q&A] -- Posted Monday, July 22, 2013 by chb