CIPA manufacturers lower sales growth expectations|
(Wednesday, August 10, 2005 - 19:20 EDT)
A news article from Bloomberg.com today notes that the Japan-based Camera & Imaging Products Association (CIPA) has revised its estimate for digital camera sales growth, including a projection for the Japanese digicam market to shrink for the first time.
According to the article, worldwide digicam shipments from Japanese manufacturers are expected to climb 8.4% this year, to a total of 64.8 million units. That's a long way short of the 21% rise to 72.2 million units that was originally projected. Export shipments are now expected to make a 10% rise, down from the original 24% estimate.
Perhaps one shouldn't look the proverbial gift horse in the mouth, though. Lower than projected or not, the figures still show growth, and that's better than the Japanese domestic market is managing. While domestic shipments were expected to manage a meager 1.8% growth this year, CIPA is now projecting a 1.7% decline in the Japanese market.