Sony, Canon and Nikon do cut profit outlook.

The Imaging Business report from Sony.

–

Canon (Info on Yahoo), Nikon (Info on Engadget) and Sony (Info on CNN) did cut their profit outlook. The full Sony PDF report can be donwnloaded here: http://www.sony.net/SonyInfo/IR/financial/fr/13q2_sony.pdf. While Canon and Nikon stated that the system camera market (DSLR+mirrorless) will stagnate or shrink in 2014 Sony’s main issue is the dramatically disappearing compact camera business. That’s why they came up with the Sony QX system but if that will work out for Sony has yet to be seen. The outlook is still negative:

>Imaging Products & Solutions Outlook:
Overall segment sales are expected to be below the August forecast primarily due to a downward revision in the annual unit sales forecast of video cameras and digital cameras. Operating income is expected to be significantly below the August forecast, primarily due to the negative impact of the above-mentioned decrease in sales. Year-on-year, sales are expected to be essentially flat and operating income is expected to increase significantly.

There is no mention in Sony’s report about the DSLR and Mirrorless sales outlook. Would have been interesting to see what Sony expects from the A7-A7r sales.