Casio has announced they have no intention of fighting in the digital camera SLR space
With its focus on the mid-range digital camera market, the next logical step for Casio would be to move up to higher-end camera, perhaps in the lucrative Digital Single Lens Reflex (SLR) space. But Clough says its value in the consumer market that his company is after.
"We are not trying to invade the Digital SLR space and we are not trying to be the lowest price out there with the highest number of megapixels. We are trying to go after the consumer value -- value not defined as lowest price, but benefits we bring that are real benefits given the price."
For the first time ever, digital camera exports from Japan saw a decline
Exports of digital cameras from Japan fell 0.9 percent in February, declining for the first time due to a sharp drop in shipments to Europe, an industry group said on Friday.
Japanese digital camera exports totaled 3.29 million units in February, the first year-on-year monthly decline since Japan's Camera and Imaging Products Association (CIPA) began compiling data on exports in 1999.
CIPA data covers only cameras manufactured by Japanese companies but is considered the industry standard as Japanese makers account for about 80 percent of the global output of digital cameras and own most of the world's top brands.
February's data is the latest bearish report on the digital camera industry, which is experiencing growing pains after years of expanding at break-neck speed.
The household penetration rate has already topped 50 percent in Japan and is climbing rapidly in the United States and Europe.
Exports to Europe dropped 10.7 percent in February, reflecting a move by a maker to limit shipments in order to run down excess inventories.
Domestic shipments of digital cameras fell 0.8 percent in February to 560,000 units, marking the fifth straight month-on-month decline. Shipments in Japan rose 4.6 in value terms, however, due to an increase in single lens reflex models.
Total shipments of Japanese-made digital cameras fell 0.9 percent to 3.85 million units in February, CIPA said.
HS Design is marketing a puck-like digital camera for children
The cameras are wrapped in Ultrasuede to give them a soft feel. With a reasonably sized LCD panel and several colors, surely the "FirstSpot" can find an audience outside of children even with a low resolution lens. There is no pricing or timeline for release available.
Canon USA has brought in a new CEO
Yoroku Adachi, president and CEO of Canon's China and Hong Kong markets, will move to Canon USA as its new chief, Canon said on Friday.
As president and CEO of Canon USA, Adachi will replace Kinya Uchida, who is shifting to Tokyo as the company's adviser. Adachi will also be a managing director at Canon's board of directors. Canon USA is responsible for operations in North, Central and South America and the Caribbean.