Nikon cut again their sales forecast for high-end cameras in Q2

nikon-logoToday Nikon published their financial results for the second quarter of the year ending March 2014 and they cut again their sales forecast for high-end cameras:

"As the camera market shrunk due to sluggish business condition, the 1st half sales volume decreased in all product groups year on year. Thus, sales and income reduced ¥28.5 billion and ¥10.9 billion, respectively. After the estimated market size is revised due to lower-than-expected market condition, the forecasts for sales and operating income are lowered by ¥30 billion and ¥6 billion, respectively." (source)

"Nikon Corp cut its full-year unit sales forecast for high-end cameras for the second quarter in a row on Thursday, as a dramatic fall in demand among photography hobbyists that began last year accelerated faster than expected. The company posted a 41 percent drop in operating profit to 21.9 billion yen ($222 million) for the six months ended September, saying overseas demand for pricy single-lens reflex models had remained depressed." (source)

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