Olympus Q1 report: compact camera market shrinks. Mirrorless sales doing well.

Screenshot of the Imaging Business Q1 sales (Click on it to enlarge the image).

Olympus released the latest Quarter Financial results report. You can download it here: http://www.olympus-global.com/en/corc/ir/brief/pdf/n120809aE_n.pdf.

It’s not a surprise that the overall results are very negative. While the medical business is still growing all other divisions are reporting losses. The Imaging Division sold less cameras mainly because of the shrinking compact camera market. The good news is that Micro Four Thirds sales increased thanks to the Olympus E-M5! Results would have been even better if the Silver kits would have been available earlier (only now in Stock at Amazon, Adorama, B&H, J&R, eBay for example).

For the next Quarter Olympus forecast sees a return to profit. Let’s hope this is true. Below one more interesting screenshot about the digital camera world wide market:

I would say Olympus has to reduce the number of compact camera models and focus on very specific markets. The Sony RX100 is a good example of what could work (it is on top of the Amazon rankings). And than focus on Mirrorless of course…