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Author Topic: Canon PowerShot G1 X II Coming May 9, 2014  (Read 4108 times)

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Canon PowerShot G1 X II Coming May 9, 2014
« on: March 11, 2014, 08:44:52 AM »

Amazon.com is saying the Canon PowerShot G1 X II will start shipping on May 9, 2014. This is slightly after the original “end of April” information given at the time of launch.


Canon PowerShot G1 X II via Amazon


Image credit: reviewed.com


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Canon PowerShot G1 X II Coming May 9, 2014
« on: March 11, 2014, 08:44:52 AM »

mustafa

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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #1 on: March 11, 2014, 09:38:57 AM »
Do they give a date when the price will be more competitive?

Rienzphotoz

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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #2 on: March 11, 2014, 10:00:43 AM »
The initial price as usual is high ... it should be priced around $500
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Triggyman

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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #3 on: March 11, 2014, 12:06:01 PM »
The initial price as usual is high ... it should be priced around $500

A local vendor is listing the G1X II at $849 (CAD) on their website. Could be $750-$800 US as prices in the US are often much lower than in Canada.
« Last Edit: March 11, 2014, 12:08:34 PM by Triggyman »
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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #4 on: March 11, 2014, 12:08:55 PM »
I don't quite understand all the comments regarding the cost of this new camera.
Especially when the Sony RX100m2 is still listed as $749.99 on Amazon.com

You are probably going to say that you can buy a DSLR or Mirrorless camera with kit lens for a bit less. But the point of this camera is you don't need any more lenses.

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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #5 on: March 11, 2014, 01:35:10 PM »
I don't quite understand all the comments regarding the cost of this new camera.
Especially when the Sony RX100m2 is still listed as $749.99 on Amazon.com

You are probably going to say that you can buy a DSLR or Mirrorless camera with kit lens for a bit less. But the point of this camera is you don't need any more lenses.
The RX100 is overpriced, that should not be a standard for pricing products. DSLRs and Mirrorless cameras with kit lens don't just cost a bit less, but a lot less ... you can easily get a very good mirrorless camera+kit lens + an additional lens for the same money as the G1X II.
« Last Edit: March 11, 2014, 01:37:49 PM by Rienzphotoz »
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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #6 on: March 11, 2014, 01:43:16 PM »
One school of thought is that if your product flies off the shelves with its introductory price, you've left money on the table (i.e. forfeit potential profit). You price the product at the highest level the early-adopter market will bear, then adjust the price over time to reach equilibrium with demand from the broader target market.

If a buyer passes on the G1XII saying, "I can get a DSLR with kit lens for that price," and buys a Rebel/XXXD, Canon has succeeded (sales figures show that it will likely be a Canon DSLR). Canon even comes out ahead because now the buyer is in the ILC system and will be buying more lenses.

Those who want the form factor of the G1XII at any price will buy it. Those who won't pay that price and don't want a DSLR will wait for the price to come down. Naturally, there will be some who purchase something else rather than wait for price drops, but in general, Canon's pricing strategy seems to be smart (in my opinion) and the best way to maximize profit over the lifespan (and price-span) of the product.

Of course, estimating what that top-tier price should be relative to the early-adopter market is just that -- estimating. Sales figures will influence how long or short that introductory price survives...

One last thought: Whether we personally experience this or not, in general, consumers often relate price to quality, where a high price evokes superior quality -- especially with a company like Canon and its reputation. The introductory price sets the benchmark against which all "sale" prices will be compared. Seeing a camera that was introduced at $849 on sale for $649 seems (in the consumer's eye) like a greater deal than a camera introduced at $699 on sale for $649.

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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #6 on: March 11, 2014, 01:43:16 PM »

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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #7 on: March 11, 2014, 01:49:03 PM »
One school of thought is that if your product flies off the shelves with its introductory price, you've left money on the table (i.e. forfeit potential profit). You price the product at the highest level the early-adopter market will bear, then adjust the price over time to reach equilibrium with demand from the broader target market.

If a buyer passes on the G1XII saying, "I can get a DSLR with kit lens for that price," and buys a Rebel/XXXD, Canon has succeeded (sales figures show that it will likely be a Canon DSLR). Canon even comes out ahead because now the buyer is in the ILC system and will be buying more lenses.

Those who want the form factor of the G1XII at any price will buy it. Those who won't pay that price and don't want a DSLR will wait for the price to come down. Naturally, there will be some who purchase something else rather than wait for price drops, but in general, Canon's pricing strategy seems to be smart (in my opinion) and the best way to maximize profit over the lifespan (and price-span) of the product.

Of course, estimating what that top-tier price should be relative to the early-adopter market is just that -- estimating. Sales figures will influence how long or short that introductory price survives...

One last thought: Whether we personally experience this or not, in general, consumers often relate price to quality, where a high price evokes superior quality -- especially with a company like Canon and its reputation. The introductory price sets the benchmark against which all "sale" prices will be compared. Seeing a camera that was introduced at $849 on sale for $649 seems (in the consumer's eye) like a greater deal than a camera introduced at $699 on sale for $649.
+1 I totally agree.
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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #8 on: March 11, 2014, 02:09:32 PM »
The initial price as usual is high ... it should be priced around $500
Not possible and won't happen. The G16 retailing around $500. The original G1 X retailed at $800 and the price slowly dropped as it got older. Eventually, it settled around the $600 mark I believe.

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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #9 on: March 11, 2014, 02:20:26 PM »
The initial price as usual is high ... it should be priced around $500
Not possible and won't happen. The G16 retailing around $500. The original G1 X retailed at $800 and the price slowly dropped as it got older. Eventually, it settled around the $600 mark I believe.
I am quite aware that Canon is not going to sell it for around $500 any time soon, nevertheless $800 is a bit expensive for what it is ... btw, I bought the G1X last year for $500
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mustafa

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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #10 on: March 12, 2014, 04:32:16 AM »
Amazon UK has this morning announced availability from July 1, at £799!

So that's a 'no' from me.

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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #11 on: March 12, 2014, 05:25:39 AM »
Keep calm, it will be about £500 for Christmas ;)

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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #12 on: March 13, 2014, 07:16:15 AM »
One school of thought is that if your product flies off the shelves with its introductory price, you've left money on the table (i.e. forfeit potential profit). You price the product at the highest level the early-adopter market will bear, then adjust the price over time to reach equilibrium with demand from the broader target market.

If a buyer passes on the G1XII saying, "I can get a DSLR with kit lens for that price," and buys a Rebel/XXXD, Canon has succeeded (sales figures show that it will likely be a Canon DSLR). Canon even comes out ahead because now the buyer is in the ILC system and will be buying more lenses.

Those who want the form factor of the G1XII at any price will buy it. Those who won't pay that price and don't want a DSLR will wait for the price to come down. Naturally, there will be some who purchase something else rather than wait for price drops, but in general, Canon's pricing strategy seems to be smart (in my opinion) and the best way to maximize profit over the lifespan (and price-span) of the product.

Of course, estimating what that top-tier price should be relative to the early-adopter market is just that -- estimating. Sales figures will influence how long or short that introductory price survives...

One last thought: Whether we personally experience this or not, in general, consumers often relate price to quality, where a high price evokes superior quality -- especially with a company like Canon and its reputation. The introductory price sets the benchmark against which all "sale" prices will be compared. Seeing a camera that was introduced at $849 on sale for $649 seems (in the consumer's eye) like a greater deal than a camera introduced at $699 on sale for $649.
+1 I totally agree.
+2 Very well put.

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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #12 on: March 13, 2014, 07:16:15 AM »

ajndesign

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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #13 on: March 13, 2014, 07:19:16 AM »
Amazon UK has this morning announced availability from July 1, at £799!

So that's a 'no' from me.
July seems a long way off if it is released in May in the USA!
WEX in the UK has it up for £749

Rienzphotoz

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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #14 on: March 13, 2014, 07:49:18 AM »
Amazon UK has this morning announced availability from July 1, at £799!

So that's a 'no' from me.
July seems a long way off if it is released in May in the USA!
WEX in the UK has it up for £749
Unfortunately, in some parts of the world, new cameras are only available several months after they are released in USA ... where I live the 5D MK III was released 6 months (or maybe even 8 months) after its US release.
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Re: Canon PowerShot G1 X II Coming May 9, 2014
« Reply #14 on: March 13, 2014, 07:49:18 AM »