light_pilgrim wrote in post #15178100
I really do not care that much about the yen excuse.
I'm not sure 'excuse' is an accurate description. But then, if the currencies of the target markets remain low compared to the currency of the manufacturing location then the camera makers should consider moving production to low cost countries.
For me it only matters that I pay a lot more and yet is not an explanation. If t
toyota would do the same they would be out of the business.
The Japanese automakers all started moving their production to the target markets in the 1980's. This limits their exposure to currency fluctuations.
Consumer electronics are in a different boat, although most of them are manufactured in low cost countries. Exceptions being high end camera bodies and lenses.
By the way, have. Ou seen Q3 reports? Sales are falling for Canon and I am happy, they might learn a thing or two.
What I have not seen is this Q3 information placed in context of the market. If they are losing sales and market share concurrently then it means they have issues in attracting customers. If they are losing sales but holding on the market share then it means the market itself is tanking.
One thing I have noticed is that people outside of an industry seldom have any idea what is going on. A major player in the business I am in has been making a huge technical decision mistake that has played out over five years. For most of that time, the media reported their statements as equally valid to their competition and the market analysts never understood the risk.
Now that company has had to reverse course on technology, beg for equipment from a competitor and slash the workforce. They are living on $500M loans and everyone is watching to see if they survive to next year.
Those of us inside the business saw it coming. Everyone else did not. I bet the same thing plays out in every business out there.
I'm not suggesting that any such thing is going on with Canon or Nikon. My anecdote is simply to illustrate how very little outsiders understand about most businesses. I mean, I watched the statements of the stock analysts on all this stuff, and for people who are paid to understand what is going on they sure didn't know anything.