Nikon is one of the first names that come to mind when it comes to camera; and continues to produce cameras since 1948. According to the allegations made, the company withdrew from the camera industry due to the decline in sales in 2020.
It seems that the financial difficulties caused by the pandemic that has affected the whole world have hit the giant camera manufacturer. In the past months, the Japanese-based company announced that their factories, which is standing for the past 49 years, will relocate due to financial difficulties.
Nikon is experiencing a huge drop in sales in 2020. According to some claims the company is leaving the camera industry. Although there is no official statement from the company, the decline in Nikon’s market value in the last year is of the kind to support the claims.
Nikon fell far behind in last year’s market share
Japanese-based economic magazine CIPA announced the decline in mirrorless and DSLR camera sales in 2020. The big dreams compared to 2019 and 2018 have deeply affected not only Nikon, but also other camera manufacturers. In 2020, Sony had 35 percent, Canon 30 percent, Fujifilm 12 percent and Olympus 8 percent in the camera market. In Nikon, this rate remained at 7.5 percent.
A website called Mirrorless Rumors, whose claims are often true, announced that Nikon will soon withdraw from the camera industry. We do not know whether the allegations are true or not, but it will be extremely sad to watch the disappearance of Nikon, one of the first names that come to mind when it comes to camera.