News Olympus will no longer manufacture cameras

Olympus will no longer manufacture cameras

-

Olympus will no longer manufacture cameras

Olympus announced today that it will sell its camera division to JIP (Japan Industrial Partners), so Olympus will no longer manufacture cameras. Understand why the company decided not to manufacture cameras anymore.

Even after having denied several rumors that it would abandon the camera business, Olympus recently announced that it will close its camera division. The company announced that it will sell the camera business to Japan Industrial Partners (JIP), the same company responsible for purchasing Sony’s VAIO PC division . At the moment, according to the information given, Olympus will focus on larger businesses such as the supply of medical and industrial imaging equipment.

According to Olympus, there was an optimization of the cost structure, starting to focus on cameras and lenses that generate high profit, in addition to other measures to “deal with the extremely severe digital camera market”. Despite efforts to avoid losses, the company says it “recorded operating losses for three consecutive fiscal years until the March 2020 deadline.” The 2013 $ 1.7 billion accounting scandal is likely to have had a strong contribution to this.

It is not yet known how this decision will affect Olympus mirrorless camera owners like the E-M1 III. JIP’s intention is to optimize business, as it did with VAIO, to make them “more compact, efficient and agile”, according to Olympus. Existing models will be sold normally and new ones will be developed.

The sale of the camera division had an impact on the camera market in general. Olympus and Panasonic are the only companies that are capable of supporting the Micro Four Thirds format, a segment that deals with APS-C and full-frame systems. These large sensors can handle better in low light environments and can produce smooth “bokeh” backgrounds.

What do you think about the decision to sell the Olympus camera division? Do you have any model of the brand? Comment below and share your opinion with us!

👇 More in NUpgrade

hamzahttps://nupgrade.com/
I am a web developer, and digital marketer I love programming, and technologies, always looking for new technologies and new challenges.

Latest news

How to create an ISO image on a USB stick for Windows and Linux?

If you need to reinstall Windows and Linux on your computer, check out how to create an ISO image on a USB stick and use it.

UNPRECEDENTED! Images show that Mars has the largest canyon in the Solar System

Arizona researchers were able to capture images showing the Valles Marineris, the gorge ten times larger than the Grand Canyon so Mars has the largest canyon in the Solar System.

New notebooks from LG’s Gram line arrive with 11th generation processors

LG announced the arrival of five New notebooks from LG's Gram line with a 16:10 resolution screen and 11th generation processor. Two of them are convertible. Know more!

Players are bothered by microtransactions in Assassins Creed Valhalla

microtransactions in Assassins Creed Valhalla , tends to increase even more with the game receiving a new paid set every two weeks.

Valorant: See the teams qualified for the Ultimasters AOC Main Event

After the Qualifier, the competition already knows (the teams qualified for the Ultimasters AOC Main Event) the eight teams that will dispute the title. The total prize pool will be $2.9K USD.

The best Amazon selling games in the UK and USA 2020

the best Amazon selling games in the United States and the United Kingdom during 2020. The lists are varied, considering titles from all platforms and indicating which platforms have been most successful

Must read

Huawei P50 line is already in development, says executive

Huawei P50 line is already in development, which should...

Nvidia Creates Low-cost Open Source Ventilator to Help COVID-19 Patients

Bill Dally, the chief scientist at Nvidia developed a...

Zadak announces MOAB II ELITE with native Water Cooled

Zadak announces MOAB II ELITE with native Water Cooled Compact...

You might also likeRELATED
Recommended to you