dilbert said:
unfocused said:
dilbert said:
unfocused said:
...
You do understand that your reasoning is a non-sequitur.
Dilbert: Canon sales are shrinking.
Me: Please back that up with some data.
Go read the latest quarterly results. Or doesn't that qualify as data?
And more to the point, Canon said that their sales were shrinking in their quarterly statement.
I suppose Canon need to provide data to back up their statements?
There are quarterly financial results for Canon and Sony available online. You're just as capable of using Google and reading them as I am but I will repeat the pertinent point: year on year, Canon's profit is dropping whilst Sony's is growing.
Dilbert, you may have to dig a little deeper into Canon's financials so as not to mislead.
Canon's second quarter results ending June 30, 2015 can be found here: http://www.canon.com/ir/results/2015/rslt2015q2e.pdf
In it, while they do say "demand continued to decline for interchangeable-lens digital cameras and digital compact cameras", they go on to say that "Within the Imaging Systems Business Unit, although total sales volume of interchangeable-lens digital cameras declined due to market shrinkage, unit sales of interchangeable-lens digital cameras
increased from the same period of the previous year in Japan thanks to healthy demand for such new models as the EOS 5DS, EOS 5DS R, and EOS M3."
They further state that "As for digital compact cameras, although sales volume declined amid the ongoing contraction of the market due to the effects of the growing popularity of smartphones,
profitability improved thanks to the growing ratio of high-added-value models featuring high image quality and high-magnification zoom capabilities, along with a smooth transition from old products to new products."
In the supplemental section of the report, where Canon breaks down sales by geographic area and business unit, they report the following for their Imaging System unit, which includes digital cameras:
2Q2015=2nd quarter 2015
1H2015=1st half 2015
Change year over year:
Japan: 2Q2015 = +21.7%, 1H2015 = -7%
Americas: 2Q2015 = +7.8%, 1H2015 = +3.3%
Europe: 2Q2015 = -9.1%, 1H2015 = -10.8%
Asia and Oceania: 2Q2015 = -6.7%, 1H2015 = -4.9%
Total: 2Q2015 = 0.0%, 1H2015 = -4.8%
So in the second quarter, digital camera sales actually increased in Japan and the Americas; they decreased in Europe and Asia/Oceania (presumably ex-Japan); and overall, the Imaging System unit was flat (0.0%) in the second quarter.
Your comment, "Sony's sales are growing, Canon's sales are shrinking" is misleading on at least a couple of points:
Your inference in this context is that Canon (and Sony, for that matter) only sell digital cameras, which of course isn't the case. Further, you're implying that Canon cameras are losing market share to Sony, which is not stated anywhere in Canon's financials that I could find. They do, however explain that "sales volume declined amid the ongoing contraction of the market due to the effects of the growing popularity of smartphones", which we all are well aware of.
Further, they state that "unit sales of interchangeable-lens digital cameras increased from the same period of the previous year in Japan thanks to healthy demand for such new models as the EOS 5DS, EOS 5DS R, and EOS M3.". One can infer that this is the case for the Americas as well, since second quarter and first half sales from their Imaging Systems increased 7.8% and 3.3%, respectively.
While it's true that digital camera sales declined in Europe and Asia/Oceania, there is no indication from the financials that the declines in those regions were due to market share losses to Sony or any other competitor. It may just be because Europe has been in an economic slowdown for some time, and China's growth is beginning to slow as well. One has to look no further than China's recent stock market meltdown to gauge their level of discretionary spending.
Hope this helps.
