Panasonic and Olympus financial reports (making less money with cameras)

The first half of the fiscal year 2010 for the Japanese company Panasonic is extremely profitable but the digital camera and mobile phone sales are in decline. The operating division’s profit is 61.3 billion yen (about € 548 million) – an increase of 481% over the previous year (quarterly figures, see table below). Panasonic attributes the huge increase in profits to reduce fixed costs and economies of scale. Source: Photoscala

In the second fiscal quarter of 2010/11 Olympus is continuing the downward trend of their photo section. Overall earnings of the “Imaging sector” decrease of 22.4% over the first half of last year. Source: Photoscala