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Author Topic: Canon L Glass is currently priced at over $1200 / pound  (Read 7158 times)

RGF

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Canon L Glass is currently priced at over $1200 / pound
« on: April 19, 2013, 11:52:00 PM »
Okay I'll admit I am crazy enough to put this analysis together.  Then again after a year of retire (from Director of Marketing Analytics at a major CPG company) I miss number crunching.

Glad to share the data, I am sure that there a few items I missed.  Right now all I am interested in is the top line.  When I went deeper into the data, I found that older lens (2006 and early) had lower cost per pound $750 versus more current lenses $1,200.  Lots of reasons for this - could be new lenses are more technologically advanced and harder to manufacture, include more expensive glass and metals, harder to raise prices than introduce a new product at a higher price point ... 

               


« Last Edit: April 20, 2013, 09:13:48 AM by RGF »

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Canon L Glass is currently priced at over $1200 / pound
« on: April 19, 2013, 11:52:00 PM »

Mt Spokane Photography

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Re: Canon L Glass costs over $1200 / pound
« Reply #1 on: April 20, 2013, 12:05:07 AM »
Finance people sometimes price items by the pound, more often by the part count.
 
One salesman at a unnamed company where I worked back in the 1970's was said to have picked a price based on the number of a railroad train car going by his window after the customer asked for a better price.  He made the sale, and it was big bucks ;)

jdramirez

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Re: Canon L Glass costs over $1200 / pound
« Reply #2 on: April 20, 2013, 12:07:06 AM »
I loved math until it betrayed me in calc 3.   but I still dabble in meaningless number play.   give me a good standard deviation spreadsheet and there I go trying to make sense or of nothing.   so I appreciate what you did here.

 Mr initial feeling is that your regression line is not where i would have put it,  but I presume the computer made that decision.
Upgrade  path.->means the former was sold for the latter.

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RGF

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Re: Canon L Glass costs over $1200 / pound
« Reply #3 on: April 20, 2013, 12:49:04 AM »
I loved math until it betrayed me in calc 3.   but I still dabble in meaningless number play.   give me a good standard deviation spreadsheet and there I go trying to make sense or of nothing.   so I appreciate what you did here.

 Mr initial feeling is that your regression line is not where i would have put it,  but I presume the computer made that decision.

I constrained the line to have a zero intercept, without the constraint the intercept is around -900.  Implications very light lens might be free  ;D

There are actually several parallel lines, post 2005 vs 2005 and earlier.  I am sure that there are other factors (zoom vs prime) .... 

A couple of key learnings for me:

1. Around 2005 Canon had a major change in their price strategy
2. Price is protional to size (weight).

And remember what Twain said, "There are lies, damn lies, and statistics"  :o

RAKAMRAK

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Re: Canon L Glass costs over $1200 / pound
« Reply #4 on: April 20, 2013, 04:14:56 AM »
Very interesting, but I would say that there are 4 to 6 lenses which are driving the average price per pound up.

Need to learn a lot more.
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thewaywewalk

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Re: Canon L Glass costs over $1200 / pound
« Reply #5 on: April 20, 2013, 05:04:03 AM »
what about inflation-adjustment?

that's the least you should do, and really split up primes and zooms.

SouthTune

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Re: Canon L Glass costs over $1200 / pound
« Reply #6 on: April 20, 2013, 06:21:48 AM »
I think the word "cost" is not correct, this is a "list price/pound". In manufacturing terminology cost means the real "parts" price plus the cost of the "labour hours"...

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Re: Canon L Glass costs over $1200 / pound
« Reply #6 on: April 20, 2013, 06:21:48 AM »

neuroanatomist

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Re: Canon L Glass costs over $1200 / pound
« Reply #7 on: April 20, 2013, 07:35:54 AM »
All we need now is a plot of photographer income per pound of body weight, and we can start to put this all together...   ;)
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Re: Canon L Glass costs over $1200 / pound
« Reply #8 on: April 20, 2013, 08:23:09 AM »
All we need now is a plot of photographer income per pound of body weight, and we can start to put this all together...   ;)

Ha ha ha That's very funny  ;D

RGF

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Re: Canon L Glass costs over $1200 / pound
« Reply #9 on: April 20, 2013, 09:09:59 AM »
what about inflation-adjustment?

that's the least you should do, and really split up primes and zooms.

Current prices, not prices at time of introduction.

Looked at primes vs zooms, not as significant (eye ball test).


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Re: Canon L Glass costs over $1200 / pound
« Reply #10 on: April 20, 2013, 09:10:56 AM »
I think the word "cost" is not correct, this is a "list price/pound". In manufacturing terminology cost means the real "parts" price plus the cost of the "labour hours"...

+1.....plus product future warranty service. Canon will not sell their products @ cost.
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RGF

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Re: Canon L Glass costs over $1200 / pound
« Reply #11 on: April 20, 2013, 09:11:50 AM »
Very interesting, but I would say that there are 4 to 6 lenses which are driving the average price per pound up.

Yes there are.

Great Whites (super teles, mostly mark II plus 800) plus 24-70 II and TS-E (speciality lens).

Pertains future prices we might see.  Great glass will command high price.

RGF

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Re: Canon L Glass costs over $1200 / pound
« Reply #12 on: April 20, 2013, 09:13:21 AM »
I think the word "cost" is not correct, this is a "list price/pound". In manufacturing terminology cost means the real "parts" price plus the cost of the "labour hours"...

+1.....plus product future warranty service. Canon will not sell their products @ cost.

okay should be price to consumer (or cost to me).  I do not mean internal cost.  I"ll see if I can change the title to avoid a semantic flame war

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Re: Canon L Glass costs over $1200 / pound
« Reply #12 on: April 20, 2013, 09:13:21 AM »

RGF

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Re: Canon L Glass costs over $1200 / pound
« Reply #13 on: April 20, 2013, 09:14:07 AM »
I think the word "cost" is not correct, this is a "list price/pound". In manufacturing terminology cost means the real "parts" price plus the cost of the "labour hours"...

+1.....plus product future warranty service. Canon will not sell their products @ cost.

okay should be price to consumer (or cost to me).  I do not mean internal cost.  I"ll see if I can change the title to avoid a semantic flame war

Are you happy now that I reflect a more accurate statement to reflect what the end user pays versus the COG?  Sorry for the careless use of the term cost  ::)

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Re: Canon L Glass costs over $1200 / pound
« Reply #14 on: April 20, 2013, 09:24:52 AM »
I think the word "cost" is not correct, this is a "list price/pound". In manufacturing terminology cost means the real "parts" price plus the cost of the "labour hours"...

+1.....plus product future warranty service. Canon will not sell their products @ cost.

okay should be price to consumer (or cost to me).  I do not mean internal cost.  I"ll see if I can change the title to avoid a semantic flame war

Are you happy now that I reflect a more accurate statement to reflect what the end user pays versus the COG?  Sorry for the careless use of the term cost  ::)
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Re: Canon L Glass costs over $1200 / pound
« Reply #14 on: April 20, 2013, 09:24:52 AM »