Nikon’s 2015 numbers show 15% decrease in sales despite strong DSLR growth

by Gannon Burgett

posted Thursday, May 21, 2015 at 12:53 PM EST

Last week, Nikon published the financial results for its fiscal year, ending on March 31st, 2015. According to the numbers, Nikon’s sales are down 14.5% and profits 11.8%, reportedly due to ‘delayed market recovery,’ mainly in Europe and China.

Leading the loss in sales and profits was, predictably, Nikon’s compact camera systems, down 31% in sales year over year. However, it wasn’t just compact cameras that brought the numbers down.

Nikon reported 4.61 million camera systems sold, 1.14 million less than the previous year. Additionally, sales of interchangeable lenses dropped from 8.23 million to 6.68 million, a decrease of 19%.

Despite the numbers, Nikon seems confident for a rebound. Specifically, Nikon points to strong sales of their D750 and D810 cameras, stating their market share ‘grew significantly’ in the first quarter of 2015.

Nikon also suspects its interchangeable lens camera market will start to bounce back in the second half of the current fiscal year.

(via Amateur Photographer)