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Olympus Q1 financial reports “lower mirrorless camera sales as a result of intensified competition”

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Olympus released the full Q1 financial report (files here). And there are bad news to report:
Revenue down 8% YoY following lower mirrorless camera sales as a result of intensified competition and supply delays stemming from production base reorganization
The closure of the Chinese factory played a major role in their expenses. Still with Nikon and Canon going mirrorless too Olympus will have to find a new aggressive way to sell their cameras. Let’s hope the new Olympus MFT camera will be as good and exciting as rumored in these days on 43rumors!
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