Nikon allocated $17.7 million to fix D600 issues, working to restore confidence in the brand

In a recent Q&A published on Nikon’s website, we learn that the company allocated $17,700,000 (¥1.8 billion) for D600 service and shutter replacement:

Q: What can you tell us about the warranty reserve for the D600?

A: With regard to the issue of the D600 digital SLR camera that we announced on March 28th, 2014, we allocated 1.8 billion yen for warranty reserve in the year ended March 2014 to cover the cost of repairs and replacements. We are taking this matter very seriously, and we will continue to offer users of the D600 a special service and, while we will be taking steps to restore confidence in the Nikon brand.

Q:What can you tell us about the inventory level?

A: We have no concerns for the level of our inventory on hand. Regarding the amount of channel inventory, we have somewhat of a surplus at the moment due to the downturn in market conditions, but it is approaching proper levels compared to the situation at the end of December, 2013.

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