Olympus hangs $57 million loss on austerity, strong yen and declining compact camera market

Olympus hangs $57 million loss on austerity, strong yen and declining compact camera market

Olympus is reporting a $56.7 million loss for its first quarter of 2012. While its coveted medical imaging arm remains profitable, its life-science and industrial unit suffered thanks to corporate belt-tightening. Unsurprisingly, its low-end compact camera market is shrinking, but sales of its OM-D E-M5 ILC increased by 50 percent, offsetting some of the losses and reducing operating losses from $89 million last quarter to $19 million in this one. Like many of its Japanese rivals, it's also found a strong yen has stifled its return to productivity, a trend that isn't likely to change soon.

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Olympus hangs $57 million loss on austerity, strong yen and declining compact camera market originally appeared on Engadget on Thu, 09 Aug 2012 05:16:00 EDT. Please see our terms for use of feeds.

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Nikon 1 J2 mirrorless camera: minor control tweaks, $549, ships in September

DNP Nikon 1 J2 mirrorless camera minor control tweaks, $549, ships in September

Not even a year after Nikon ceremoniously entered the mirrorless world, it's issuing the followup to the J1: it's the Nikon 1 J2, and it's -- at most -- a gentle revision to a camera that was near-universally hailed as being one of the more disappointing ILC options. Disappointing, of course, because it's Nikon. A company that quite clearly knows a thing or two about photography (D3S / D4, anyone?), but seemed to miss the mark in terms of price, performance and lens compatibility. With the J2, it sort of feels like a do-over. Outside of a slightly tweaked orange color and a reimagined exterior finish, the J2 is identical in size to the J1. You'll find the same 10.1 megapixel CMOS sensor (1-inch), the same autofocus system and support for the same lens collection. What's new are the additions to the Mode Selector dial, which add a smattering of creative options and access to P/S/A/M exposure modes. The rear LCD has seen its resolution double (to 921,000 dots, same as on the D4), and the camera has been intelligently designed to turn on when extending a 1 Series lens out, and turn off when retracting it into storage.

Perhaps most importantly, Nikon's finally on the same playing field in terms of asking price. The J2 will ship in September for $549.95, and that includes the same 10-30mm f/3.5-5.6 kit lens that shipped with the J1. If you'll recall, the J1 kit started at $100 more, yet offered far less punch than Sony's cheaper NEX-C3. It's also worth noting that one other player has joined the ILC movement since the J1: Canon. Arguably, the EOS M still beats the J2 in practically every way; the thing that really needed an overhaul in the J2 was the meager 1-inch sensor, yet it remains. Perhaps the best news out of this ordeal is that the J1 isn't immediately going away. Nikon confirmed that it'd remain on store shelves for an undetermined amount of time, likely at a nice discount. If it's offered low enough, it may be easier to live with the shortcomings.

In terms of accessories, Nikon's also introducing an optional 11-27.5mm f/3.5-5.6 lens ($189.95; ships next month) for the 1 Series. Though similar (on paper) to the 10-30mm kit lens, this guy is nearly 30 percent smaller from a physical size and weight standpoint. And on the other extreme, there's the WP-N1 waterproof case. This one's engineered to encase both the J1 and J2 for beneath-the-sea action up to 140 feet deep, but the staggering $749.95 (!) price tag is bound to attract jeers, chuckles and blank stares. Now, underwater cases of merit aren't ever "affordable," but offering an enclosure that's a full $200 more than the hardware it protects? Questionable. That said, we'd certainly relish the chance to test one out, but you best be sure that Nikon's J1 / J2 is going to be your underwater cam of choice for a long while before plunking down that much coin.

Continue reading Nikon 1 J2 mirrorless camera: minor control tweaks, $549, ships in September

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Nikon 1 J2 mirrorless camera: minor control tweaks, $549, ships in September originally appeared on Engadget on Thu, 09 Aug 2012 00:01:00 EDT. Please see our terms for use of feeds.

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Nikon makes $201 million quarterly profit, nearly 50 percent drop from last year, blames strong yen

Nikons 2013 Q1 $201 million in profit down nearly 50 percent from last year

Nikon's odd financial calendar means that the camera maker is announcing its first quarter results for 2013. The confusingly-dated documents show that it isn't having the best Spring / Summer, since while it pulled in a net profit of $201 million, that figure is down nearly 50 percent on the $392 million it made in the same period last year. It sold a record number of interchangeable-lens cameras, lenses and a good number of compact cameras, but that was offset against the high cost of the yen.

Its other businesses, Precision Equipment and Instruments both suffered thanks to Government spending cuts, a "harsh business climate" and the now age-old problem of the high exchange rate. It's expecting the situation to remain the same in the next three months, with booming camera sales weight against losses in its other businesses -- with a projected profit of $143 million anticipated in Q3.

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Nikon makes $201 million quarterly profit, nearly 50 percent drop from last year, blames strong yen originally appeared on Engadget on Wed, 08 Aug 2012 06:47:00 EDT. Please see our terms for use of feeds.

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    Canon EOS M mirrorless camera hands-on (video)

    Canon EOS M mirrorless camera handson video

    There have been plenty of false alarms in recent months, but Canon's first mirrorless interchangeable lens camera (ILC) is finally here -- in fact, we're holding it in our hands. The EOS M is clearly reminiscent of a point-and-shoot, such as the company's high-end PowerShot S100. Sure, Canon could have added some of the dedicated controls that its professional user base would demand, but photojournalists aren't the target here, for a few reasons. Canon's primary motivation, at least from an official perspective, was to create a camera that serves to bridge the gap between pocketable compacts and full-size DSLRs with a simple user interface designed to educate, not intimidate. Also key, however, was avoiding cannibalization of the company's low-end and mid-range Digital SLR models, which clearly still have a place in the lineup one tier above this ILC.

    Consumers willing to sacrifice hardware controls for a touchscreen-driven UI won't be missing out on much else -- functionally, the EOS M is a near-clone of Rebel T4i with the same 18-megapixel APS-C CMOS sensor, DIGIC 5 processor and 3-inch touchscreen. Even the advanced two-stage focusing system has made its way from the T4i, which utilizes both phase-difference and contrast AF in order to achieve focus more efficiently when capturing video. The housing design and lens mount are unlike any other that Canon has produced, however, combining features from other models without completely eliminating the need for a DSLR, or a compact for that matter. If you can get by without granular controls, you'll do just fine here -- the design really is spectacular. With an $800 price tag, the EOS M falls within the upper tier of the mirrorless category, and it remains to be seen whether it will be an obvious pick when it finally hits stores in October, a month after competitors tease their own products at the massive Photokina expo in Germany. How does it fare today? You'll find our impressions just past the break.

    Continue reading Canon EOS M mirrorless camera hands-on (video)

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    Canon EOS M mirrorless camera hands-on (video) originally appeared on Engadget on Mon, 23 Jul 2012 15:52:00 EDT. Please see our terms for use of feeds.

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    Canon EOS M video shows off touchscreen UI, accessories, color variants (updated: link to sample images)

    Canon EOS M video shows off touchscreen UI, accessories, color variants

    Welcome to the land of good complexions, whiny mopeds and surprisingly early Canon hands-on videos. While most English-speaking journos have only been given the briefest glimpse of the new $800 mirrorless EOS M, Italian site PMStudioNews has posted a full hands-on video to YouTube. It shows a red variant of the 18-megapixel, APS-C shooter, in addition to the black and white models we've already seen, plus a beige leather case if you fast-forward around seven minutes. More importantly though, it shows off the touchscreen UI in some detail, including touch-to-shoot and a screen layout that looks quite different to what we've known from the button- and dial-heavy G1 X and its predecessors, and more like that of the Rebel T4i entry-level DSLR. Sure, it offers full manual control, but it also looks kinda fiddly -- something we'll look out for when it comes to review time in the Fall.

    Update: Canon has produced some sample stills and videos to show what the camera can do. Also, a helpful reader just spotted that DigitalCameraWorld has posted a hands-on video too, and it's in English.

    Continue reading Canon EOS M video shows off touchscreen UI, accessories, color variants (updated: link to sample images)

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    Canon EOS M video shows off touchscreen UI, accessories, color variants (updated: link to sample images) originally appeared on Engadget on Mon, 23 Jul 2012 05:11:00 EDT. Please see our terms for use of feeds.

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    Canon unveils EOS M mirrorless: 18 MP APS-C, EF compatibility, $800 in October with 22mm lens

    Canon unveils EOS M mirrorless 18 MP APSC, 3inch touchscreen, EF compatibility, ships in October for $800 with 22mm lens

    Rumors of a Canon mirrorless camera have circled the web since long before Nikon's foray into the compact ILC space. And while that manufacturer's model fell far short of some expectations, it appears that Canon's iteration may in fact have been worth the not-so-insignificant wait. Unlike the Nikon 1 Series, Canon's new EOS M isn't a drastic departure from the company's existing mid-range DSLR lineup. In fact, under the hood it's quite similar to the Rebel T4i, with an 18-megapixel APS-C CMOS sensor, DIGIC 5 processor, 3-inch 1.04MP smudge-resistant touchscreen and the T4i's new hybrid autofocus system, which pairs both contrast and phase-difference AF for speedier, more accurate performance. Externally, however, the EOS M looks more like a cross between the PowerShot G1 X and S100, tipping the scale at 14.2 ounces with the included EF-M 22mm f/2 STM kit lens, compared to 27.4 ounces for the T4i, and 19 for the G1 X. It's physically smaller than the G1 X as well, and only slightly larger than the pocketable S100. The camera offers a sensitivity range in line with the competition, ranging from 100 to 25,600 (extended) in still mode and 12,800 (extended) when shooting video -- captured in 1920 x 1080 format at 24, 25 or 30 progressive frames per second. There's also a continuous shooting mode at 4.3 frames per second with fixed focus and exposure.

    The EOS M's control layout should be more familiar to Canon point-and-shoot owners than DSLR users -- as one component of the size compromise, dedicated buttons are replaced with touchscreen options and a bit of menu diving. There's also no electronic viewfinder, though a full-size hot shoe is included with full support for Canon's lineup of Speedlite flashes, including the new $150 90EX strobe and ST-E3-RT Transmitter, and the GP-E2 GPS Receiver. Though the camera lacks certain direct controls, it still supports full manual shooting, even in video mode. There's also a built-in stereo mic with manual level adjustment. In addition to that 22mm kit optic, Canon is offering an EF-M 18-55mm f/3.5-5.6 IS STM lens for $300, or you can add the $200 EF-EOS M mount adapter to enable use with existing lenses. The $800 EOS M kit is set to ship in October, and will be available in retail stores in black, though Canon's online store will also stock a white model (which will be paired with the same black lens). You can peek at both configurations, along with the new lenses and accessories in the gallery below. Then shoot past the break for the full PR from Canon.

    Michael Gorman contributed to this report.

    Continue reading Canon unveils EOS M mirrorless: 18 MP APS-C, EF compatibility, $800 in October with 22mm lens

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    Canon unveils EOS M mirrorless: 18 MP APS-C, EF compatibility, $800 in October with 22mm lens originally appeared on Engadget on Mon, 23 Jul 2012 00:00:00 EDT. Please see our terms for use of feeds.

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    Panasonic’s Lumix lineup grows: DMC-G5 Micro Four Thirds, DMC-FZ200 superzoom and DMC-LX7 hands-on and sample shots

    Panasonic's Lumix lineup grows DMCG5 Micro Four Thirds, DMCFZ200 superzoom and DMCLX7 handson and sample shots

    It's been nearly half a year since Panasonic's Lumix series of cameras got any new members, but today the company is introducing three more shooters to the family. First up is the DMC-G5, the latest addition to the company's Micro Four Thirds lineup. It's the successor to the G3 and packs a 16-megapixel sensor capable of shooting 1080p videos at 60fps and stills in up to 6fps bursts at a max 12,800 ISO at full resolution. The G5's LVF has a proximity sensor to automatically switch between it and the camera's 920,000-dot capacitive screen depending on which one you're using to frame your shots. When the G5 goes on sale next month, you'll have your choice of black, silver and white models.

    In addition to the G5, Panasonic's also introducing a new superzoom camera, the DMC-FZ200 and a high-end DMC-LX7 point-and-shoot. The FZ200 replaces the FZ150 and pairs a 12-megapixel sensor with a 25-600mm constant f/2.8 aperture Leica Elmarit lens with nano surface coating to reduce flare and ghosting. It has a 24x optical zoom and shoots 1080p video at up to 60fps along with stills in up to 12fps bursts, though its max ISO is only 6,400. Meanwhile, the LX7 has arrived sporting a 10-megapixel sensor and a 24-90mm, f/1.4-2.3 Leica Summilux lens with the same nano surface coating as the FZ200. Like its Lumix brethren, it shoots 1080p video at 60fps, and shares the same maximum 12,800 ISO as the G5. It'll be available in black and pearl white when it ships in August. We got to spend some time with all three, so join us after the break to learn a bit about what its like snapping pics with this trio of Panasonics.

    Continue reading Panasonic's Lumix lineup grows: DMC-G5 Micro Four Thirds, DMC-FZ200 superzoom and DMC-LX7 hands-on and sample shots

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    Panasonic's Lumix lineup grows: DMC-G5 Micro Four Thirds, DMC-FZ200 superzoom and DMC-LX7 hands-on and sample shots originally appeared on Engadget on Wed, 18 Jul 2012 01:25:00 EDT. Please see our terms for use of feeds.

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    Fujifilm outlines X-Pro1 lens roadmap, brings zoom at last this fall

    Fujifilm outlines XPro1 lens roadmap, brings zoom at last this fall

    If there's been one outstanding gripe with Fujifilm's X-Pro1 camera, it's been the absence of zoom lenses; short of French kissing the subject, you might not get the photos you want. While there isn't much of a solution right this second outside of buying the fixed-lens X10, the Japanese camera designer can say when we'll see an interchangeable XF-mount zoom lens: fall 2012. That's when a bright 18-55mm, f/2.8-4.0 optically stabilized lens will make its appearance, along with a 14mm f/2.8 prime. Fujifilm will revert to unveiling nothing but pancakes and primes during early 2013, but the middle of that year will finish covering the zoomable basics through a wide-angle 10-24mm f/4.0 OIS lens and a 55-200mm, f/3.5-4.8 OIS telephoto. We wouldn't expect pricing with the new glass still months away -- but at least you can start planning that Sumatra vacation knowing you won't have to chase down the wildlife to get a good keepsake shot.

    Continue reading Fujifilm outlines X-Pro1 lens roadmap, brings zoom at last this fall

    Fujifilm outlines X-Pro1 lens roadmap, brings zoom at last this fall originally appeared on Engadget on Mon, 25 Jun 2012 22:00:00 EDT. Please see our terms for use of feeds.

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    Pentax K-30 weather-sealed DSLR hands-on with sample photos and video

    Pentax K30 weathersealed DSLR handson with sample photos and video

    We can count on one hand the number of times a waterproof camera was the only suitable option for any given photo shoot, but drizzle and even flash monsoons can strike at any moment, especially in some locales. Most clothing and other analog gear can survive such attacks of mother nature nearly unscathed, but smartphones and cameras are another story altogether -- unless they're coated in head-to-toe weather sealing, of course. Pentax may not be a top player in any digital imaging category, but the company does have a few serious DSLR contenders, and should be taken seriously for anyone in the market for a new ILC. The manufacturer's latest swappable-lens model, the K-30, is quite a respectable beast, and a fairly solid value at $900 with an 18-55mm kit lens. Beneath that steel and polycarbonate black housing there's a 16.3-megapixel APS-C sensor with shift-based stabilization, a 100-percent FOV optical viewfinder, a color-adjustable 921k-dot 3-inch LCD and a bevy of manual control options, for stills and video alike.

    We put the K-30 through its paces during a half-day shoot around NYC. There was no rain, sand or snow in sight, but the brutal heat and humidity didn't take any toll, with the camera offering consistent performance and excellent battery life for hours on end (we captured nearly 700 stills with live view and a few minutes of video with plenty to spare, and you can also swap in four AA lithiums for up to 1600 shots). We spend much of our time shooting with mirrorless cameras these days, but when absolute portability is less critical, there are obvious benefits to lugging around a full-size DSLR like the K-30. The camera was able to shoot with perfect exposure and white balance in almost every situation and images captured with the 18-135mm f/3.5-5.6 kit lens were sharp and vibrant. Video performance was sufficient as well -- most of our clips were captured at 720/30p, but 720/60p and 1080/30p are also on offer. Focus wasn't the fastest we've seen (the Olympus E-M5 still holds the title), but the lens adjusted accurately even in low light, especially when aided by the green illuminator.

    High-ISO performance didn't blow us away with noise reduction deactivated -- noise was visible at a 25-percent view at ISO 12,800 and a 12.5-percent view at the ISO 25,600 extended setting, but the sensor-shift stabilization mode enabled us to capture sharp handheld shots at 1/40 second, so it's not terribly difficult to avoid venturing into that high-sensitivity zone. Pentax also added a unique Astrotracer mode, which moves the sensor precisely for long night-sky exposures, using an optional GPS module to provide location and direction information (there was no way to test this feature in NYC, where the city lights never sleep). We did have a chance to test out that weather sealing, however -- the camera functioned just as well while under a running water fountain as it did on dry land. Overall, we were quite impressed with the K-30 -- it's one of the best sub-$1,000 DSLRs we've used to date, and if you've made an investment in Pentax KAF2 glass (or you're ready to load up now), you can expect to be pleased. Click past the break for a sample gallery and video.

    Continue reading Pentax K-30 weather-sealed DSLR hands-on with sample photos and video

    Pentax K-30 weather-sealed DSLR hands-on with sample photos and video originally appeared on Engadget on Thu, 21 Jun 2012 12:44:00 EDT. Please see our terms for use of feeds.

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    How would you change Samsung’s NX200?

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    It's that time of the week when we look back at a recently-released device and find out if your experiences matched our own. This week, it's Samsung's NX200 ILC, which was aiming to knock the Sony NEX-C3 from its perch (and a spot in our staff kit bag). Broadly, the shooter delivered great battery life, good image quality and a novice-friendly user interface that brought it oh so close to besting the C3. However, a $900 price tag and iffy focusing meant that it won't be on our list when it comes time for an upgrade. But plenty of you went out and bought one of these (or the NX210), so what have your experiences been with it? Let's get a good old discussion going.

    How would you change Samsung's NX200? originally appeared on Engadget on Mon, 04 Jun 2012 22:31:00 EDT. Please see our terms for use of feeds.

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