So, $26M? Wonder how much they're going to have to raise prices to make for THAT?
As for deflation, don't count on it. Lots of economists with a good track records are saying they're worried that with the proposed continued massive government spending we could be in for equally massive inflation, along the lines of the late 1970s. I'm preparing for exactly that.
Kent in SD
Posted by Gary Tozer on February 24, 2009 at 12:53 PM
Bill
Nikon prices took a big hit in Canada about 3 to 4 months ago. The Camera Store in Calgary was one of the best places to purchase, now Henrys in Toronto has some decent pricing. Check their eBay store. I think with the current exchange, they may be less expensive than B&H Photo.
Some Nikon lenses went up 20% and some only 5%. But that it is not a bad thing because now I have made up my mind not to purchase any additional gear, none, and only use the equipment I have, which by the way, is too much. I may even sell some and invest the proceeds in traveling to some areas I have been wishing to visit and photograph.
Gary
Posted by Brad Hill on February 24, 2009 at 11:46 PM
Hi,
Both Canon and Nikon have had one or two prices increases on products in recent weeks in most markets (Canada, US, UK, etc.). They have avoided putting the consumer products up in price, and the result is that some of the exotic products (such as super-telephotos) have gone WAY UP in price. As others have correctly pointed out, this was due to the strength of the yen. Both companies are anticipating this will result in dramatically reduced sales (as their sales projections demonstrate) in 2009. For some strange reason they seem to think it's better to sell fewer units (at a price that generates a profit) than selling more units (at a price that produces a loss). Bizarre, eh?
All kidding aside, I want to see both Canon and Nikon stay in business for the long term, even if it means they have to raise their prices in the short term (and that I have to save a little longer to buy the gear I need). Of course I'd like to pay less, but if the new prices are what they have to sell the product for to stay in business, so be it...
Brad
Posted by Don George on February 25, 2009 at 10:28 PM
Brad, Good analysis. I agree, if thats what it takes to keep them in business so be it!
We would all lose in the end if they went under. Both companies have put a lot of dollars back into supporting various activities related to the world of photography.
Discussion
7 repliesThanks,
Bill
http://money.aol.com/news/articles/_a/bbdp/ritz-camera-files-for-bankruptcy/354876?icid=200100397x1219018095x1201333741
So, $26M? Wonder how much they're going to have to raise prices to make for THAT?
As for deflation, don't count on it. Lots of economists with a good track records are saying they're worried that with the proposed continued massive government spending we could be in for equally massive inflation, along the lines of the late 1970s. I'm preparing for exactly that.
Kent in SD
Nikon prices took a big hit in Canada about 3 to 4 months ago. The Camera Store in Calgary was one of the best places to purchase, now Henrys in Toronto has some decent pricing. Check their eBay store. I think with the current exchange, they may be less expensive than B&H Photo.
Some Nikon lenses went up 20% and some only 5%. But that it is not a bad thing because now I have made up my mind not to purchase any additional gear, none, and only use the equipment I have, which by the way, is too much. I may even sell some and invest the proceeds in traveling to some areas I have been wishing to visit and photograph.
Gary
Both Canon and Nikon have had one or two prices increases on products in recent weeks in most markets (Canada, US, UK, etc.). They have avoided putting the consumer products up in price, and the result is that some of the exotic products (such as super-telephotos) have gone WAY UP in price. As others have correctly pointed out, this was due to the strength of the yen. Both companies are anticipating this will result in dramatically reduced sales (as their sales projections demonstrate) in 2009. For some strange reason they seem to think it's better to sell fewer units (at a price that generates a profit) than selling more units (at a price that produces a loss). Bizarre, eh?
All kidding aside, I want to see both Canon and Nikon stay in business for the long term, even if it means they have to raise their prices in the short term (and that I have to save a little longer to buy the gear I need). Of course I'd like to pay less, but if the new prices are what they have to sell the product for to stay in business, so be it...
Brad
We would all lose in the end if they went under. Both companies have put a lot of dollars back into supporting various activities related to the world of photography.