Gear Talk > Canon General

That's my money you are profiting from Canon!!!

(1/9) > >>

J.R.:
From the net - http://in.reuters.com/article/2013/04/24/canon-earnings-idINDEE93N05I20130424

"Canon Inc raised its full-year operating profit forecast by $300 million as a weakening yen triggered by Japan's latest deflation-fighting policies inflates its overseas earnings, despite smartphones sapping compact camera sales."

So much for people who were anticipating a fall in prices of Canon products due to JPY devaluation.

Interestingly smartphones have started eating into the P&S sales. I am not surprised.

unfocused:
No. It's not.

Unless you own stock in Canon, you traded them your money for that long list of toys you so proudly display at the bottom of your post. You own that stuff now and can do whatever you want with it. It's yours. It's also now Canon's money and they are free to do what they want with it. So, No. It's not your money.

Secondly, why do people post stories without bothering to read them? Or in this case, even reading the headline.

Canon is adjusting their earnings estimates because the Japanese government's monetary policies have resulted in some inflation at home and some loss in value of the Yen against other currencies in international trade. It's an accounting adjustment.

Finally, I never understand why people get upset when Canon makes money. Do you think they would have more money to invest in research and development if they were losing money? Do you think they would be able to cut their prices if they were losing money?

awinphoto:

--- Quote from: unfocused on April 24, 2013, 09:55:09 AM ---No. It's not.

Unless you own stock in Canon, you traded them your money for that long list of toys you so proudly display at the bottom of your post. You own that stuff now and can do whatever you want with it. It's yours. It's also now Canon's money and they are free to do what they want with it. So, No. It's not your money.

Secondly, why do people post stories without bothering to read them? Or in this case, even reading the headline.

Canon is adjusting their earnings estimates because the Japanese government's monetary policies have resulted in some inflation at home and some loss in value of the Yen against other currencies in international trade. It's an accounting adjustment.

Finally, I never understand why people get upset when Canon makes money. Do you think they would have more money to invest in research and development if they were losing money? Do you think they would be able to cut their prices if they were losing money?

--- End quote ---

Couldn't agree more... JR if your upset that canon is turning a high profit, stop buying their stuff... simple... i'm sure canon is shaking in their boots...  Hell i shoot professionally and I have half your gear...  People get hot and bothered with any one company or individual earns a lot of money or capital... Why?  They worked their butt off to earn that...  Sue Bryce said we need to check our attitudes about money and being rich.  If we get offended about those who are rich and big profitable company, we ourselves will carry that same mentality towards money and push it away psychologically.  In the mean time I hope to use my gear to make my studio have a profitable year this year... hope you dont get offended by me. 

Efka76:
This article shows that Canon is making much more money despite the fact that P&S sales are decreasing (smartphones are occupying P&S cameras market). In this site more than 95% of readers (of course, it is my subjective opinion) are DSLR owners / users. Myself and other readers are really upset as Canon is making profits, however, does not invest such profits into R&D and does not introduce n/.ew cameras or lenses with significant improvements. For example 7D is 4 years old - it means that this model is a cash cow. Newly introduced models lack of really substantial improvements, basically Canon is using old platforms.

Regarding lenses - Canon lenses are good quality, however, they are very expensive comparing to third parties. When looking at Tamron's and Sigma's performance in market we see substantial improvements in their lenses quality (which now approximates to Canon) for significantly lower price. Canon is loosing ground in this area.

Also, many customers really expects reductions of prices of Canon  production due to Yen's performance in the market, however, Canon is making significant profits and disappointing customers who would like to buy cheaper Canon cameras or lenses. Such approach is very dangerous as many customers are dissatisfied and are buying third party lenses as well as changing Canon religion to others.

When I look how significant improvements are made in electronics (computer chips, computers, TVs etc.) photography area is lacking innovations. 4-5 year old sensors, DIGIC V are used. What I would really expect that Canon would make really serious investments into sensors, camera chip area, would renew its lenses line and become progressive company. Now I see only stagnant company which is milking the same almost dead cow and enjoying short term profits.

Also, I did not mention mirrorless cameras market, which is supposed to replace DSLRs in the future. Canon completely lost this market to competitors and passively watching what others are doing. I doubt that somebody knows Canon's brand after 10-15 years if the follow current strategy.

StepBack:
to think a multi-national has "your" money is a joke. They wouldn't know if u were dead or alive unless u owned at least 5% of the common. So much for your L list.

Navigation

[0] Message Index

[#] Next page

Go to full version