Continue reading...Canon released their financials and the news is grim if you look at what has transpired for Canon since they announced the RF mount.
From the numbers Canon is down 22% in sales for the 2019 year on year compared to 2018, and this quarter alone, down 16%.
Canon always posts their financials first, but others will soon follow. From what we saw last quarter, everyone had bad quarters. I doubt we’ll see much different this quarter after everyone else shows their financials.
The market is hurting, and still is. It’s to be expected though. When 75% of the entire market decides to up and change their mounts within a few weeks of each other things are going to go bad. Combine that with the fact that the old mounts had cameras that were excellent making it even harder to switch users, because they are basically using what they have and don’t have a compelling reason to upgrade. It would be curious to look back at Canon’s financials when they switched from the FD to the EF mount, but...