Nikon to Drop Out of DSLR Cameras, Shift Focus to Mirrorless Segment: Report
Nikon is reportedly exiting the single-lens reflex (SLR) camera business and shifting its resources toward mirrorless cameras.
The Japanese camera maker is reportedly taking this step amid stiff competition from smartphone cameras.
The rising market and continuously falling prices of mirrorless cameras can also be attributed to this move.
Nikon is reportedly the second largest SLR manufacturer in the world after Canon. The report states that the company shipped around 400,000 DSLR units in 2021.
Despite this, Nikon has seen more potential in the mirrorless camera market. According to a report by Nikkei Asia, Nikon will soon withdraw from the DSLR market.
The company is believed to have taken this step after facing stiff competition from smartphone cameras and the expansion of the mirrorless camera market. Nikon reportedly sold over 400,000 DSLR cameras in 2021.
Mirrorless cameras are falling too, averaging around JPY 100,000 (about Rs 60,000) which is said to be cheaper than a comparable SLR camera.
Now, these cameras are claimed to account for up to 50 percent of Nikon's imaging business, compared to about 30 percent offered by DSLR cameras.
Canon, its rival, is also reportedly planning to stop SLR camera production in a few years.