Camera Market “has largely bottomed out”, Canon says

canon eos r6 mark iii firmware updates viltrox eos r7 eos r10 reuters canon cameras europe canon eos r1 eos r rf 14-35mm Olympic Games ef-mount rudy winston
View Post

In their recent Q2 2022 financial results, Canon added a Q&A file to the documentation. Some interesting insights can be found.

From Canon’s Q2 2022 Q&A (emphasis mine):

Q1. What is your outlook for the external environment in 2023 and the sustainability of your growth going forward?

A1. Even if production around the world recovers smoothly, it will probably take around a year for the inflation caused by the shortage of goods, which arose from supply-chain disruptions etc., to subside naturally. We expect to continue growing as we have transformed our business portfolio and will actively invest to further enhance our products

[…]

Q5. What is your outlook for the camera market going forward? Additionally, will you continue to offer both Mirrorless and DSLR cameras?

A5. The camera market has largely bottomed out at its current size. Going forward, we expect the professional and advanced amateur segment to expand further and that products will become more highly developed. Accordingly, we expect the overall market to grow from now on. As for DSLR cameras, we will continue to supply products as long as there is demand

New Canon EOS R3 Firmware Just Released (1.2.1, after ver. 1.2.0 had been pulled)

canon eos r3 firmware sample picture user manual
View Post

Canon already released a new firmware update for the Canon EOS R3, after having pulled the previous firmware update because of an issue.

Canon EOS R3 firmware Version 1.2.1 (download) incorporates the following enhancements and fixes:

  1. Adds the ability to set “Custom high speed continuous” to the Drive mode. It is possible to shoot from 2 to 50 images continuously at a speed of approximately 30 to 195 fps.
  2. Adds the ability to select “FHD 239.76 fps/200.00 fps” in “High frame rate.”
  3. 1- Adds the ability for in camera “Depth compositing” during “Focus bracketing.”
    2- Adds Focus bracketing and depth compositing with a flash (Speedlite EL-1).
  4. Adds the ability of time-lapse movie recording. Note that the time-lapse movie setting is retained even if the camera enters the Auto Power Off state before starting time-lapse movie recording.
  5. Adds the ability of Cloud RAW processing functionality. RAW processing with the latest image processing technology is possible. This is a paid service that requires the purchase of a Canon Imaging App Service Plan, which will be available starting July 25, 2022.
  6. Adds the ability to convert multiple HEIF images into multiple JPEG images.
  7. Adds the ability to set [Still Image Crop/Aspect] to [Custom Controls]. The assigned button can be used to switch between crop and aspect ratio.
  8. Adds the ability to crop and resize images during transfer to an FTP server.
  9. 802.1X authentication/WPA2-Enterprise now supports the PKCS#12 certificate format.
  10. Adds an electronic shutter sound to be played when the mechanical shutter or electronic 1st-curtain is set.
  11. Enhances the performance of “Movie Digital IS”. It stabilizes the image when taking selfies or walking shots using a wide-angle lens.
  12. Adds [Auto Power Off Temp.: Standard/High] to the menu for still shooting.
  13. Fixes an issue, which displays Error Code 70 on the camera, that may occur, in rare instances, when the [Disp. performance] setting is set to [Smooth].
  14. Fixes minor issues.
  15. Fixes an issue, in which, after having updated the camera to firmware Version 1.2.0, when performing the [Factory reset] operation, some shooting settings are not retained.

*Items 1 through 14 are changes of Firmware Version 1.2.0, and item 15 is newly added for Firmware Version 1.2.1.

Canon EOS R10 & 18-45mm f/4.5-6.3 IS In Stock And Ready To Ship At Adorama

eos r10 review
View Post

Adorama has stock of the brand new Canon EOS R10 kit with RF-S 18-45mm f/4.5-6.3 IS STM lens.

Canon EOS R10 at a glance:

  • 24.2MP APS-C CMOS Sensor
  • Dual Pixel CMOS AF II
  • 4K30 Video, 4K60 with Crop; HDR-PQ
  • 23 fps E. Shutter, 15 fps Mech. Shutter
  • 2.36m-Dot OLED EVF
  • 1.04m-Dot Vari-Angle Touchscreen LCD
  • Multi-Function Shoe, Wi-Fi and Bluetooth

Get the Canon EOS R10 kit with RF-S 18-45mm f/4.5-6.3 IS STM lens while in stock at Adorama ($1,099).

Canon EOS R10 world-wide: [shoplist 69417]

More Canon EOS R10 coverage is listed here.

Click here to open the rest of the article

Canon Advisory For XF605, EOS C70 & EOS R5 C: Continuous Recording Functions Issue

canon eos r5 c
View Post

Canon released a product advisory for the Canon XF605, Canon EOS C70 and Canon EOS R5 C. The issue is related to the continuous recording function.

Canon product advisory:

For Users that Use the Continuous Recording Functions of Professional Camcorders and Digital Cinema Cameras

Canon has recently become aware of an issue, as detailed below, that may occur in rare instances while using the Professional Camcorder XF605 and Digital Cinema Cameras EOS C70 and EOS R5 C.

We would like to offer our sincere apologies to any customers who have been inconvenienced as a result of this issue, and we ask for your ongoing patience as we work to resolve this issue.

Issue
If normal recording is performed repeatedly while the continuous recording function* is enabled, the camera may, in rare instances, become inoperable. While the camera is inoperable, fan error may be displayed or the card access lamp may blink.

*The continuous recording function is a setting that is enabled only when MP4 is selected as the recording format. It is a function that allows continuous footage recording to an SD card and operates independently from the REC button. 

If the continuous recording function is not used, this issue will not occur.

Affected Products
Professional Camcorder XF605: 7th digits from the left in its serial number is “2” or earlier

Digital Cinema Camera EOS C70: 7th digits from the left in its serial number is “5” or earlier
Digital Cinema Camera EOS R5 C: 7th digits from the left in its serial number is “3” or earlier
Digital Cinema Camera EOS R5 C: 7th digits from the left in its serial number is “3” or earlier

Our action

We are working to release a firmware update that incorporates fixes for the issue outlined above. For users who plan to use the continuous recording function, please contact your nearest service centre.

Latest Canon EOS R3 Firmware Update (ver. 1.2) Has Been Pulled (mode dial issues)

canon eos r3 firmware sample picture user manual
View Post

It seems Canon already pulled the latest Canon EOS R3 firmware update, version 1.2.

User DrJohnEvs in the DPReview forum writes (emphasis mine):

I installed v1.2 a few days ago and all worked well.

I noticed last night that it had been withdrawn from Canon UK site.

This morning I contacted CPS UK. I have just received a reply saying there is an issue and recommended I go back to v1.1.1

The issue is that if you have v1.2 on your camera and then perform a reset the mode dial does not work correctly and you cannot change between Tv Av etc.

Anyone experienced similar issues?

Canon Q2 2022 Financial Results Published (RF lenses did the job)

canon q2 2022
View Post

Here are the Canon Q2 2022 financial results. RF mount lenses led to a double-digit sales growth.

Says Canon about the business in general:

As for the second quarter, due to things such as the prolonged Russia-Ukraine conflict and Shanghai’s COVID lockdown, and accelerating global inflation, there is growing uncertainty about the future direction of the global economy. Despite this,
demand for our products remained firm. That said, the impact from Shanghai’s COVID lockdown was larger than expected, and we were unable to produce products in the quantity we planned for in the second quarter. Though this will
impact sales in the third quarter, we were able to expand sales in the second quarter by taking advantage of our inventory.
Net sales increased by 13.3% to 998.8 billion yen, or nearly 1 trillion yen. And we achieved our sixth consecutive quarter of net sales growth. As for profit, although the rise in material and logistical costs continue to affect us, in addition to adjusting prices, we raised the ratio of sales of high price range products, such as full-frame cameras and medium- to high-speed color MFDs.
Additionally, by controlling the rise in expenses even while sales were increasing, we increased operating profit by 27.4%, significantly raising it to 98.5 billion yen.

From Canon’s documentation, regarding the imaging business in Q2 2022:

As for the Imaging Business Unit, unit sales of interchangeable-lens digital cameras were below those of the same period of the previous year due to the shortage of products supply. However, unit sales of mirrorless cameras were above those of the same period of the previous year due to strong demand for the full-frame mirrorless cameras including the EOS R5 and EOS R6 and the favorable reviews of the new EOS R7. Unit sales increased significantly owing to strong sales of RF-series interchangeable lenses, which expanded the product lineup. As for network cameras, sales increased significantly mainly as a result of strengthening sales in response to diversifying market needs in addition to the recovery of products supply. As for professional video production equipment, sales of Cinema EOS-series including the new EOS R5 C, professional video cameras and broadcast
lenses, were strong. These factors resulted in total sales for the business unit of ¥200.9 billion, a year-on-year increase of 18.3%, while income before income taxes increased by 57.5% year-on-year to ¥32.9 billion mainly as a result of improved profitability due to an enhanced product mix. Sales for the combined first six months of the year totaled ¥358.1 billion, a year-on-year increase of 12.4%, while income before income taxes totaled ¥46.6 billion, a year-on-year increase of 19.7%

All financial documents are available here.