Report Predicts Video Pro Use of DSLR to Tank; Canon Profits Plunge

by Hugh Brownstone1 Comment

Futuresource Consulting points to 41% drop in 2014 European shipments of DSLRs for pro video and predicts dramatically accelerating erosion in market share; Canon profits drop 16% in Q2 2015 on weak point & shoot and DSLR sales.

We're not saying the report caused the drop.

We're saying that the report and Canon's Q2 profit drop are two more data points for what many planet5D readers already know: the role of DSLRs is evolving (and so are we at planet5D!)

How many of you expected anything different?

There’s really not much to say here, as we’ve covered the issue many times before (here, here, here, here, and here – and a whole bunch more): mirrorless ILCs (interchangeable lens cameras) like the Sony A7s [B&H | Amazon] and Panasonic GH4 [B&H | Amazon] offer compelling advantages over DSLRs like the Canon 5D Mark III as hybrid video/stills cameras, and smartphones  offer compelling advantages over point & shoots (check out our new eBook on the rise of the iPhone!).

To ignore these facts is to court disaster – or simply face irrelevance to a growing segment of the population, especially the casual photographer.

Oh well.

DSLR Use in Pro Video to Plummet in Coming Years, Report Predicts

Via PetaPixel:

After researching trends in camera sales, Futuresource Consulting found that European shipments of DSLRs for pro video purposes dropped by a whopping 41% in 2014.

Futuresource predicts that DSLRs will occupy a smaller and smaller share of the pro video market until they account for only 4% of sales in 2019. At its peak, DSLRs owned a 31% share.

DSLR Use in Pro Video to Plummet in Coming Years

“The industry is currently at a turning point,” the firm writes. Apparently DSLRs are falling out of favor with professional video products, who are instead looking up to pricier high-end digital cinema cameras or looking down to cheaper mirrorless cameras (many of which now offer 4K video).

Read full article at PetaPixel “DSLR Use in Pro Video to Plummet in Coming Years, Report Predicts”

 

CANON PROFITS DROP 16% IN SECOND QUARTER

Via Canon Rumors:

FROM REUTERS:

Japan’s Canon Inc cut its earnings outlook for the full year and reported a 16 percent fall in quarterly profit as consumers, increasingly in the habit of taking photos with their smartphones, bought fewer compact digital cameras.

The world’s largest camera maker said on Monday its second-quarter net profit fell to 68 billion yen ($552 million) compared with 81 billion yen a year earlier. Analysts on average expected 65 billion yen, according to Thomson Reuters data.

Read more at Reuters

(cover photo credit: snap from Canon Rumors)


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