Nikon announced Q2/2015 FY financial results

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Nikon announced their financial results for the first half of the fiscal year ending on March 31, 2015 - the company is still profitable and the sales and income forecasts stay unchanged:

"Sales volume in the first half year decreased from a year earlier in all product groups owing to market shrinkage. Sales and operating income fell 75.1 billion yen and 3.4 billion yen, respectively."

Nikon-Q2-2015-financial-results
Financial estimation for the year ending on March 31, 2015:

"Sales volume forecast of digital cameras – interchangeable lens type is revised by reflecting the first half year results, however, forecasts of sales and operating income stay unchanged. Although the market recovery of digital camera – interchangeable lens type has been slower than predicted, sales shift toward mid/high-end cameras is expected, thus the full-year forecasts for sales and operating income remain unchanged."

Nikon-financial-estimation-for-2015
Nikon is not the only company hurt in the camera sales slow down - Canon also lowered their target DSLR camera shipments for fiscal 2014:

Nikon-Canon-lowered-target-DSLR-camera-shipments-for-2014
Here is the latest CIPA data for global camera shipments for the first nine months of 2014 compared to 2012 and 2013 (click on image for larger view):

CIPA-global-camera-shipments-for-2014
The US dollar is at new highs vs. the yen - hopefully this will bring some good deals to the US in the next few months. Nikon is forecasting the yen to drop further to 100 for 1 US dollar (currently 1 USD = 114 yen):

Nikon-yen-vs-dollar-forecast

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