Dpreview conducted an interview with 5 Canon executives, most notably Mr. Masaya Maeda and Mr. Go Tokura. The interview was conducted via a translator and is the summary of three conversations. Below some excerpts from the interview.

When asked if smartphones are seen as a threat, Mr. Maeda said:

We don’t see the smartphone as an enemy. We like to see it as representing an infrastructure which we should be making use of. If we make sure that we continue to produce cameras that do things which smartphones can’t, and we also continue to provide links between our cameras and smartphones we’ll be able to create a system which is of benefit to our customers.

When asked if we will soon see a really affordable full-frame Canon DSLR, Mr. Ken-Ichi Shimbori said:

We can’t reveal plans for our future product development, but as you know we released the EOS 6D in 2012, which is designed for the mass market [and he added that Canon will look at user feedback for this]

About Canon’s often mentioned conservative approach to technology and innovation:

[…] we are incorporating technological innovation into our products. The EOS 70D’s Dual Pixel AF technology is a good example of innovation that is unique to Canon.

Dual Pixel CMOS AF was born out of the concept of allowing the user to freely choose which kind of finder they wanted to use. The optical finder, the camera’s LCD or the screen of a mobile device via our EOS Remote app.

Was the Canon EOS M [shoplink 6091](price & specs)[/shoplink] an experiment?

Well it was certainly an experiment! Japan and Asia as a whole accept mirrorless cameras more than any other markets. In the US, in terms of total number of cameras sold, mirrorless cameras account for less than 20%.

Will the [shoplink 19243 ebay]EOS M2[/shoplink] come to the US and EU market? Mr. Tokura says:

It’s a possibility but we haven’t made a final decision yet. We’re looking at the market [more about this issue here]

When asked if it is easier to make lenses for mirror less systems, Mr. Naoya Kaneda answers:

In designing lenses for mirrorless cameras we have a degree of freedom, in that they don’t need to have a long flange back distance. Especially when making high-quality wide zoom lenses, it’s easier to design them for a mirrorless platform. A good example of this is the 11-22mm zoom for the EOS M. Its optical performance is very high.

There is much more in the interview at DPreview, for instance Canon’s commitment to videography:

People are taking more movies with still cameras. We’ve confirmed this trend […]  For this reason video is an important feature even on entry-level cameras, and one that people are looking for.

Fortune Magazine Ranks Canon as One of World’s Most Admired Companies for 2014

MELVILLE, N.Y., March 6, 2014 – Canon U.S.A., Inc., a leader in digital imaging solutions today announced that its parent company, Canon Inc., has ranked among the top global companies, placing sixth overall and third internationally in the computers category of this year’s Fortune World’s Most Admired Companies list. In the international computers category, Canon ranks as the top Japanese company and the sole representative of the imaging industry. Contributing to their rankings, Canon has received high accolades for innovation, quality of products/services and financial soundness.

The folks at lensvid made an excellent infographic about how bad 2013 was for the photography industry. Very bad as you’ll see.

They took the figures published by CIPA (Camera & Imaging Products Association), and as you can see things are possibly worse than you have thought. Last years figures show a 45% drop in compact camera sales, a 20% drop for lenses, 25% for mirrorless system cameras, and a not less than 19% drop in DSLR sales figures. And it happened in just 12 months! While the reason for this probably needs further investigation, the people at lensvid outlines 3 main reasons (see also the video below):

• The improvement of camera phones
• The global economic crisis
• Americans don’t like mirrorless cameras

It is certainly true that mirrorless system cameras are not doing well in the US, and to a lower degree in Europe. The incredible drop of 40% in compact camera sales can also plausibly be connected to always better performing smartphones (the iPhone 5 and the likes take great pics with a minimum of effort). Well, finally, the economic crisis is real, lot of us can feel it, and that could explain the drops in lens and DSLR sales.

Finally, amazing to see that Japan, which makes 1.78% of the world’s population, had shipped 13% of the world’s cameras and 15% of all shipped lenses (2013)!

What do you think, which scenario are you seeing in the future of the photo industry?