UPDATE – April Fool's Joke!
43rumors has admitted it was an April Fools joke… they had me (and many others) believing it was true. I'm sorry I was duped and fell for it. I considered not posting because it might have been a prank, but I also think there's some truth to it, micro 4/3 may not last long.
UPDATE: Sorry, you ave been fooled by April 1 fools day rumors. Hope you didn’t get a heart attack 🙂
To Vitaly (not that he'll ever read it here HA!)… It was well played, I was fooled and published a story based on this. I'm a fool, but you damaged credibility with many in the process. April 1st or not I won't be sharing your news again.
Vitaliy Kiselev is reporting that a secretly recorded audio of unknown origin confirms that Panasonic is about to drop micro 4/3 production.
Our thanks to Mark Johnson II for sending in this tip (you can always contact me with hot news!)
We note that April 1 – also called April Fool's Day has already started around the world – but I don't think Vasily would post this as a joke… he says he's been hearing rumors about organization changes at Panasonic for a week or so.
Last week multiple sources on the web told that starting of new financial year for Panasonic will be highlighted with reforms and changes necessary due to huge losses.
Only last day it become known how deep they will be thanks to leaked recording that 43rumors got from anonymous source.
Digital cameras division staff will be significantly reduced with all engineers working on new consumer camcorders and m43 cameras abandoning their work and moving to mobile division.
“video with no video”
Translation posted on the video and Vasily's site
Igor Yakusuni4 hours ago
This is the translation from the conversation:
Second: … factories sold, and now we will follow.
First: How they plan to do it all in three months? What will happen to most engineers?
Second: Have no idea. They must know better than us.
First: And current products?
Second: Said that we have bunch of unsold stock that is enough for many months.
First: Do they plan to have meetings with staff?
Second: Yes, they'll be soon, in two days time, so keep mouth shut until then
First: You said 70% will be fired or transferred from our division?
Second: Yes, they plan to transfer some people to work on smartphones sensors as 30% must be enough to work on big bodies.
First: Sounds good. And we will be left working of new full frame to compete with Sony?
Second: Yep, they need people to design them and new lenses also.
First: New mount, new lenses. What they are thinking?
Second: May be that we produce huge losses still.
First: Yes, we loss a lot.
Second: They just could not wait any longer. Sad is that micro four third system will be dead in two years time. As Olympus is planning to merge with Sony in same time and can abandon small sensors also, as I heard.
First: OK, thanks for information
Second: Sad day.
First: Sad day.
One of the comments on Vitaly's site:
I heard from some very reliable sources that Canon is about to take over the Panasonic camera division. And that Olympus retreats from MFT too.
What do you think? Is micro 4/3 dead in 2 years?
Sound off in the comments below!
From the financial times on March 27th:
Panasonic is to merge its consumer electronics business with its IT division, as part of a Y300bn ($2.9bn) two-year effort to move the lossmaking Japanese manufacturer away from unprofitable products.
So maybe it isn't April Fools
(cover photo credit: snap from the video)
Latest posts by planetMitch (see all)
- EOS Canon EOS C500 Mark II Storms on to the Professional Video Market - September 5, 2019
- the 5DayDeal Video Creator's Bundle is HERE! - June 7, 2019
- It is all about story - June 6, 2019