Sony, Canon, Nikon Facilities Recovering from Thai Floods
Monsoon rain and flooding last October in Thailand caused significant losses for Nikon, Canon and Sony manufacturing plants in the region. According to the Bangkok Post, the industrial park where Sony resides suffered $1 million in damages. Floodwaters there took nearly a month to recede. Sony's plant, which produces CCS and...
Sony Expects Third Consecutive Annual Loss
In the wake of the 9.0-magnitude earthquake that struck Japan in March, Sony has projected that it wall end the year with a $3.2 billion dollars of loss. Sony had nine plants that either were damaged or experienced shutdowns as a result of the Japan quake.
This is the second time the consumer electronics-company has taken a drastic hit...
Affordable Cameras: All the Rage in China
Step aside, American consumers. Within the next five years, InfoTrends predicts that China will take the lead as the most active demographic among digital camera consumers.
According to the report, growth in digital camera markets in the United States and western Europe peaked in 2001. As digital cameras have become ever more accessible...
Post-Quake Production Resumes for Hobbled Japanese Camera Makers
With Japan producing 14 percent of the world’s electronics and manufacturing equipment, the shock waves from the March 11 earthquake, tsunami and ongoing nuclear crisis are still being felt two months later in the photography industry.
Camera front-runners such as Canon, Nikon and Sony had dozens of plants based near the earthquake epicenter in northern Japan...