Nikon nudges Q2 net earnings to $203 million, DSLRs and Nikon 1 get all the credit

Nikon might be treading water in Q2 2013 (its fiscal year is time-shifted) with a slight gain to $203 million from Q1, but in the current imaging market climate, that's not necessarily a bad thing. Revenue fell $200 million to $3 billion for the period, which Nikon chalked up to a "sluggish" economy and poor performance in its business, chip and science divisions, along with a rapidly shrinking compact camera market (smartphones, anyone?). Fortunately, the company fared better in the interchangeable lens game, singling out the Nikon 1 mirrorless brand as a "solid performer" as well as its popular DSLR line. Nikon predicts more of the same for the rest of the year, with interchangeable lens camera sales growing while other divisions waffle, resulting in a $750 million profit for the year -- a mirror-image of 2012.

Filed under: Cameras, Nikon

Nikon nudges Q2 net earnings to $203 million, DSLRs and Nikon 1 get all the credit originally appeared on Engadget on Fri, 02 Nov 2012 03:34:00 EDT. Please see our terms for use of feeds.