Japan’s camera industry in 2020

by Philbert Ono The Japanese camera industry’s struggles have gotten worse with the pandemic in 2020. The coronavirus resulting in stay-at-home requests, travel bans, and the cancellation of events (including the Tokyo 2020 Olympics) give people fewer reasons to take pictures and fewer reasons to buy a new camera. Worldwide camera sales for Jan. to May 2020 is only 50.4% of sales in the same period in 2019. With the prominence of smartphones, all camera makers have been facing shrinking sales of digital cameras. In 2010, worldwide camera sales peaked at 121.46 million units. In 2019, it shrank to one-eighth
» Read more