There are delays in production for both the Canon EOS R5 and Canon EOS R6

[12Broncos]

At the rate they were going, we were going to wait another five months for a release anyway. Big deal. They still haven't given us the accurate specs for it, which could have easily been done in February.

 

[unfocused]

Renting gear is always a safe and viable option when the client is more than willing to pay for it however, say I was wanting for the R5 if it doesn't come soon rentals add up a $100 rental is not bad for a R for 4 days, but that adds up quick if I have say 5 weddings or other events at that point it's like why not just buy a 80d, but why buy an 80d when I really want a EOS R5 or C200 ii, a c200 is $300 to rent for 3 days, all of that adds up quickly and eats out of profit. Why buy (invest in ) a camera that you know will decrease in value instantly when the next version is released. When you're first starting out and building up your portfolio it's every penny counts and even in business financials every penny counts.

On the other hand, rentals are 100 percent deductible in the U.S. while purchases have to be depreciated.

 

[Act444]

I may be in the minority here, but with major events locally and around the world getting canceled, they might as well delay the release. The Olympics may be next - hard to see how they can go on under these circumstances.

 

[tron]

Senario 1: It is best to produce a limited number of bodies earlier. After all bugs have to be found to be eliminated

Senario 2: Canon while you wait please proceed on producing EOS R5 MkII with 60Mp no AA filter 4K/240fps Full Frame/Dual Pixel AF and 8K/60fps

 

[JustUs7]

On the other hand, rentals are 100 percent deductible in the U.S. while purchases have to be depreciated.

Depending on your business structure, you may be eligible for a Section 179 deduction in the US allowing for immediate depreciation of the full cost of some capital expenses. Be sure to talk to your tax advisor (as I am not one).

Could save you $1,000 on a $3000 lens if you’re in the 35% bracket. Learn more (including a calculator for eligibility) at www.section179.org.

 

[torresayora]

Will we see a price reduction in eos R to mantain people happy and increase their R system base untill End of the year if R5 is delated? If production is at 1/4, they should give us a firmware for the R that really squeeze the R potential.

 

[Joules]

Will we see a price reduction in eos R to mantain people happy and increase their R system base untill End of the year if R5 is delated? If production is at 1/4, they should give us a firmware for the R that really squeeze the R potential.

If production is down, I don't see why that should affect only the upcoming models. And with the hit the economy will take, I also don't see why Canon would feel good about giving away free firmware updates to further reduce the numbers of new bodies sold.

 

[tmc784]

Parts are made in China, they should say assembly in Japan instead of made in Japan.

 

[cayenne]

So, where do you want to draw the line?
Fact is that this virus is affecting our photography business/hobby or whatever it is in a specific case. Be it loosing some business or canceling a (photography) vacation etc. Or just being concerned about a delay of a release of a new product ...

Well, I'd posit, that a good idea would be more solo type, landscape shooting?

I just got my new 6x17 120 film view camera in....and plan to go about the area this weekend, either by myself or just ONE friend (we'll stay 6ft apart, haha)...and do some shooting away from crowds.

Sure we have to be cautious, but life goes on, just make the best of it with what time each of us has with it....I'm guessing I won't have to be too terribly concerned about catching the corona virus from the alligators out in the swamps...



C

 

[cayenne]

Things in the US are now changing, seemingly multiple times a day. First, NCAA playoffs to empty arenas only, then all NBA games cancelled. I expect all sports games to be cancelled to morrow and most other events, even small ones won't attract enough people to take place.

I will bet that stores in the US tomorrow will see lots of customers buying and stocking up.

Yesterday down here in the New Orleans area...they cancelled all of the St. Pat's parades all over town...

I'm guessing there's a good chance they'll also be canceling French Quarter Fest and Jazzfest.....I'm supposed to be on JF staff again this year, so, watching to see if they still have it or not....

I'm really hoping this virus behaves in similar fashion to flu viruses in that it becomes less active during the summers with heat and humidity.
If it does, that would make NOLA the safest place on earth!!

Anyway, I've not seen any runs on stores down here...most people seem to be taking it in stride down here so far [knocks wood].

C

 

[cayenne]

I was eagerly awaiting this camera, but strangely enough, the idea of a new camera looses its appeal when you are locked down under marshall law... which is looking like a distinct possibility atm.

??

Where in the world do YOU live where they'll be enforcing that???

 

[cayenne]

On the other hand, rentals are 100 percent deductible in the U.S. while purchases have to be depreciated.

Not true....my CPA lets me write off my purchases in FULL each year...no problem.

You might check with yours.....I believe that old rule changed with tax laws quite awhile back.

 

[unfocused]

Depending on your business structure, you may be eligible for a Section 179 deduction in the US allowing for immediate depreciation of the full cost of some capital expenses. Be sure to talk to your tax advisor (as I am not one).

Could save you $1,000 on a $3000 lens if you’re in the 35% bracket. Learn more (including a calculator for eligibility) at www.section179.org.

Not true....my CPA lets me write off my purchases in FULL each year...no problem.

You might check with yours.....I believe that old rule changed with tax laws quite awhile back.

Yes, of course you are both correct. You can take write off many purchases in the first year. However, my understanding is that you could end up having to pay taxes later if you dispose of or convert the equipment prior to its ordinary depreciation period.

However, the real point of my comment was that felipeolveram was bemoaning having to buy equipment for temporary use while waiting for the equipment he really wants and I simply was pointing out that one doesn't have to purchase equipment while waiting for a new model to be released. Rental is an option and often a wise business move, since rental costs are 100% deductible with no need to worry about depreciation rules.

 

[bbasiaga]

I may be in the minority here, but with major events locally and around the world getting canceled, they might as well delay the release. The Olympics may be next - hard to see how they can go on under these circumstances.

Under the CURRENT situation, probably not. But what we saw with similar viruses in the past (SARS, for example) is -like the flu - they die off quite a bit over the spring and summer. We won't know for sure about this for a few more weeks, but the Southern hemisphere seems to not be spreading cases around quite like we are up North, and its their summer down there.

By the end of July, this could be gone. The first SARS cases were found in November (COVID 19 as well). All WHO travel restrictions were lifted by June the following year. While we don't know yet, there is an equal chance COVID goes the same was as there is that it persists beyond that.

Once we start to understand the true fatality rates (how many people die from it / how many people are infected - at the beginning of epidemics these estimates (currently 3-4%) are usually high because we always find out about the most serious cases first), guidance on travel and precautions will change and may loosen up.

I'm an optimist, but I think the olympics will be on as scheduled.

-Brian

 

[tpatana]

Senario 2: Canon while you wait please proceed on producing EOS R5 MkII with 60Mp no AA filter 4K/240fps Full Frame/Dual Pixel AF and 8K/60fps

Where can I pre-order?

 

[JustUs7]

However, my understanding is that you could end up having to pay taxes later if you dispose of or convert the equipment prior to its ordinary depreciation period.

I guess. Your equipment would have a book value of zero, so therefore any proceeds from the sale would be reportable in net income as a gain on sale of assets. Also, all things being equal your net income will be higher during the useful life if the equipment as you will not have the depreciation expense available to write off again.

So just buy more equipment and contribute to the economy!

 

[TAF]

??

Where in the world do YOU live where they'll be enforcing that???

And I would think that so long as the delivery services are functioning (pity FedEx and UPS aren't fully drone yet) being stuck in the house would be the PERFECT excuse for a new camera.

Nothing to do but learn how to use it. Take you mind off the other possibilities...

 

[DarkPhalanx]

Just awaiting the pre-order date. My cash has been getting put aside for this camera for quite some time. If it gets released later, I'll be easily able to afford 1 or 2 of the sweet RF lenses (15-35mm & 24-70mm IS) along with the body.

 

[Viggo]

All events, all sports, all schools and kindergartens are closed here today. All pubs are closed completely also at least 2 weeks forward. Even the library is closed. I’m not surprised if the R5 is delayed until Christmas.

 

[YuengLinger]

Just awaiting the pre-order date. My cash has been getting put aside for this camera for quite some time. If it gets released later, I'll be easily able to afford 1 or 2 of the sweet RF lenses (15-35mm & 24-70mm IS) along with the body.

Who has been putting aside your cash for you? Your guardians?