Latest news with #BlackmagicDesign
Engadget
6 days ago
- Business
- Engadget
Nikon joins other camera manufacturers in raising prices due to tariffs
Nikon has announced that it will increase prices on its photography products in the US due to tariffs, joining other camera manufacturers including Canon, Blackmagic Design and Leica in doing so. It hasn't yet shared which products will be affected, but several outlets have received word from dealers that the changes will mostly affect lenses and accessories manufactured in China. "Due to the recent tariffs, a necessary price adjustment for products will take effect on June 23, 2025," the company wrote last week. "We will be carefully monitoring any tariff developments and may adjust pricing as necessary to reflect the evolving market conditions. We wish to thank our customers for their understanding and know that we are taking every possible step to minimize the impact on our community." The development comes from Trump's recent tariffs affecting electronic goods, with Nikon noting that the increase could cut its operating profit by around $68 million. Canon, the worldwide leader in camera sales, said in its earnings report last month that it would raise prices soon. Fujifilm recently paused US preorders for several models including the X-M5 and X100 VI. Other electronics companies, including Acer and DJI, also recently announced US-only price hikes. In its latest earnings report, Sony said it expects to seller fewer PS5s and expects a $700 million tariff-related revenue hit. These increases could just be the beginning. Nikon builds its products in multiple countries affected by US tariffs, including China, Thailand and its home country, Japan. Unless those nations can negotiate new tariff terms before the end of Trump's 90-day pause, they could be subject to drastically higher rates by July — which would in turn prices for Nikon and many other camera manufacturers.
The Verge
7 days ago
- Business
- The Verge
Nikon's cameras are going to get more expensive starting on June 23rd
After months of remaining quiet about how President Donald Trump's tariffs on Chinese-made goods may affect its business, Nikon has announced a 'necessary price adjustment' for its products that will come into effect for the US starting on June 23rd, 2025. The company hasn't shared any specifics on which of its imaging products will see a price increase, or how much the increases may end up being, but it could mean this is the time to grab hardware like the recent Z5 II if you've been eyeing it. 'At Nikon, we remain committed to providing the highest quality imaging products and value to our customers,' Nikon said in a statement posted Friday. 'Due to the recent tariffs, a necessary price adjustment for products will take effect on June 23, 2025. We will be carefully monitoring any tariff developments and may adjust pricing as necessary to reflect the evolving market conditions. We wish to thank our customers for their understanding and know that we are taking every possible step to minimize the impact on our community.' Earlier this month, during a presentation where the company shared its latest financial results, Nikon said (pdf) the tariffs could reduce its profits for the upcoming fiscal year by 10 billion yen, or around $70 million, as reported by PetaPixel. Nikon is not the first or only camera gear company to announce price increases as a result of the US tariffs. The Australia-based Blackmagic Design started charging more for its digital cinema cameras last month while also announcing that the tariffs made its plans to build a factory in Dallas, Texas, financially unviable. During the announcement for its own Q1 financial results in late April, Canon told analysts that it was planning to raise prices and was 'in the process of estimating the timing and amount of the increase,' according to DPReview . The company also said its price increases would be limited to the US, but that could change if the tariffs triggered a wider global recession. Other camera makers that have recently raised prices include Sony and Leica, while Fujifilm temporarily paused US preorders for several of its cameras, including the budget-friendly X-M5 and the still popular X100VI, the company told DPReview in late April. Lens maker Sigma has also announced pricing adjustments, but like Nikon, those aren't going into effect immediately and will instead start on June 2nd, 2025. See More: Gadgets News Photography Tech
The Verge
7 days ago
- Business
- The Verge
Nikon's cameras are about to get more expensive in the US because of tariffs
After months of remaining quiet about how President Donald Trump's tariffs on Chinese-made goods may affect its business, Nikon has announced a 'necessary price adjustment' for its products that will come into effect for the US starting on June 23rd, 2025. The company hasn't shared any specifics on which of its imaging products will see a price increase, or how much the increases may end up being, but it could mean this is the time to grab hardware like the recent Z5 II if you've been eyeing it. 'At Nikon, we remain committed to providing the highest quality imaging products and value to our customers,' Nikon said in a statement posted Friday. 'Due to the recent tariffs, a necessary price adjustment for products will take effect on June 23, 2025. We will be carefully monitoring any tariff developments and may adjust pricing as necessary to reflect the evolving market conditions. We wish to thank our customers for their understanding and know that we are taking every possible step to minimize the impact on our community.' Earlier this month, during a presentation where the company shared its latest financial results, Nikon said (pdf) the tariffs could reduce its profits for the upcoming fiscal year by 10 billion yen, or around $70 million, as reported by PetaPixel. Nikon is not the first or only camera gear company to announce price increases as a result of the US tariffs. The Australia-based Blackmagic Design started charging more for its digital cinema cameras last month while also announcing that the tariffs made its plans to build a factory in Dallas, Texas, financially unviable. During the announcement for its own Q1 financial results in late April, Canon told analysts that it was planning to raise prices and was 'in the process of estimating the timing and amount of the increase,' according to DPReview. The company also said its price increases would be limited to the US, but that could change if the tariffs triggered a wider global recession. Other camera makers that have recently raised prices include Sony and Leica, while Fujifilm temporarily paused US preorders for several of its cameras, including the budget-friendly X-M5 and the still popular X100VI, the company told DPReview in late April. Lens maker Sigma has also announced pricing adjustments, but like Nikon, those aren't going into effect immediately and will instead start on June 2nd, 2025.
The Age
01-05-2025
- Business
- The Age
Atomos hits refresh with new CEO and broadened product strategy
Atomos Limited has hit the refresh button by shaking up its leadership team with a new CEO and launching four new products including a recurring revenue cloud solutions platform, in a move to diversify its product base and respond to a slower global tech market due to US tariffs. With a traditionally slow third quarter behind it, the Melbourne-based digital video technology disruptor is redefining the landscape to wrest control of its own destiny. Newly appointed boss, Peter Barber will officially lead the charge once he takes the helm next week, replacing co-founder Jeromy Young. 'I believe Atomos has an extraordinary opportunity to expand into new markets, drive broader innovation, and build upon its proud history of pioneering technology.' Atomos Limited chief executive officer-elect Peter Barber Young, who steered Atomos from a garage startup to a globally recognised brand in video production tools, is stepping back into a non-executive director role, ensuring continuity during the shift. Barber brings heavyweight industry credibility, with over 30 years of experience in the video production industry, having co-founded Blackmagic Design and orchestrating substantial corporate plays across the video tech space. According to Young, Barber's forensic knowledge of the industry and his instrumental hand in reshaping Atomos' operations since joining as chief operating officer last year sealed the deal, branding Barber as 'the right leader at the right time.' Barber is stepping up to the plate just as Atomos launched four new innovative products recently at the Las Vegas NAB technology fair, marking the company's most significant portfolio expansion to date. Atomos says the move to release so many new offerings in one hit aligns with a management decision to diversify its product range.
Sydney Morning Herald
01-05-2025
- Business
- Sydney Morning Herald
Atomos hits refresh with new CEO and broadened product strategy
Atomos Limited has hit the refresh button by shaking up its leadership team with a new CEO and launching four new products including a recurring revenue cloud solutions platform, in a move to diversify its product base and respond to a slower global tech market due to US tariffs. With a traditionally slow third quarter behind it, the Melbourne-based digital video technology disruptor is redefining the landscape to wrest control of its own destiny. Newly appointed boss, Peter Barber will officially lead the charge once he takes the helm next week, replacing co-founder Jeromy Young. 'I believe Atomos has an extraordinary opportunity to expand into new markets, drive broader innovation, and build upon its proud history of pioneering technology.' Atomos Limited chief executive officer-elect Peter Barber Young, who steered Atomos from a garage startup to a globally recognised brand in video production tools, is stepping back into a non-executive director role, ensuring continuity during the shift. Barber brings heavyweight industry credibility, with over 30 years of experience in the video production industry, having co-founded Blackmagic Design and orchestrating substantial corporate plays across the video tech space. According to Young, Barber's forensic knowledge of the industry and his instrumental hand in reshaping Atomos' operations since joining as chief operating officer last year sealed the deal, branding Barber as 'the right leader at the right time.' Barber is stepping up to the plate just as Atomos launched four new innovative products recently at the Las Vegas NAB technology fair, marking the company's most significant portfolio expansion to date. Atomos says the move to release so many new offerings in one hit aligns with a management decision to diversify its product range.
