Sony Overtakes Nikon to Become Number Two Camera Company Behind Canon
ony has been aggressively coming after the camera market for several years now, and it seems their efforts are paying off, as they have now overtaken Nikon for the second position behind Canon.
Nikkei is reporting that Sony is projected to have overtaken Nikon in digital camera sales for this fiscal year. This comes on the heels of reports that the company is projecting a loss of $92 million, revised down from projections of a $110 million profit. Much of this bad news for the company has been attributed to their hesitancy to enter the mirrorless market, which allowed Sony a lot of time to jump ahead in market share and innovation. In the meantime, the company plans to invest approximately $92 million to restructure in an attempt to turn the ship around.