Olympus reduced the operating loss of its imaging business by 39% to 2.7 billion yen (around u00a317 million) for the six months to 30 September.

Sales of Olympus mirrorless system cameras fell just 3% in value terms, though compact sales dropped 26.5%.

Olympus says it has reduced its compact camera inventory by 40% since March, on a unit basis.

Meanwhile, Nikon announced it sold 13.6% fewer interchangeable-lens cameras in the six months to 30 September, compared to the same period last year.

Demand for Nikon compact cameras fell 30%.

Nikon’s imaging division reported a 26% drop in operating income while the company’s overall profits declined 57.5%.

  • Jim H.

    The economies of most countries are not healthy – so it’s no surprise that camera sales are down. But I will say this regarding Nikon – people don’t like it when they spend a couple thousand dollars on a piece of equipment and it has problems right out of the box that the company refuses to acknowledge or remedy. The market is just too competitive and money too scarce to get away with that arrogant type of behavior.