Photo Boom Time: Challenges and Opportunities

Mette Eriksen
 May 15, 2013

Yesterday Nokia launched the Lumia 925 at a high profile event in London. The Lumia 925 joins a long line of venerable smartphones. The Lumia 925 features an 8.7MP camera and a 6 element lens. With this phone Nokia attempts to cement its position as the imaging leader in the smartphone market. Smartphones are mini computers that can be carried around at any time. Small, light and in most cases with cameras that are good enough for taking both every day and occasional special occasion photos. These are also the reasons why smartphones are taking the place of digital cameras as the camera used most often by consumers. InfoTrends’ European end user data clearly illustrates this trend. Read more »

Jessops Back from the Dead

Mette Eriksen
 Apr 9, 2013

Earlier this year, I wrote a blog about Jessops entering administration and the impact this would have on the U.K. digital camera market. Three days after I wrote that blog, Jessops did close its doors and 1,300 staff lost their jobs.

Since then Peter Jones, one of the dragons on BBC’s Dragons’ Den program, has emerged as a buyer of the business. Mr. Jones has invested £4mln in Jessops and will by the end of this month have reopened 30 of the 187 stores that were closed in January, re-employing many former Jessops staff in the process. Mr. Jones becomes the Chairman and Chief Executive and has vowed to be closely involved with the business as it is turned around, setting a target of £80 million in sales and 15% share of the U.K. DSLR market in their first year of business. Read more »

Another Challenging Year For Digital Cameras

Mette Eriksen
 Jan 31, 2013

2013 is shaping up to be another challenging year for players in the digital camera market. In 2012, for the first time, the worldwide digital camera market declined. It was a significant decline of 10%. The cause of the decline is linked to the following factors: Read more »

Jessops Administration – A Sign of Tough Times in U.K. Retail

Mette Eriksen
 Jan 10, 2013

Yesterday, Jessops and PricewaterhouseCoopers (PwC) announced that Jessops is entering administration (equivalent to Chapter 7 Bankruptcy in the U.S.). Jessops has been an integral part of the U.K. camera market since it was founded by Frank Jessop in 1935. In the early 2000s Jessops went on the acquisition trail and bought up many of the U.K.’s independent camera shops. This led Jessops to become the largest chain of camera specialty retailers with more than 200 stores across the country. In 2002, ABN AMRO acquired the company and 2 years later Jessops went public on the London Stock Exchange.  In 2007, just ahead of the Global Financial Crisis, Jessops faced financial trouble and entered into a period of restructuring and negotiations with its creditors. In 2009, Jessops Plc was liquidated and Jessops Ltd was created. Read more »

CES 2013 is shining a light on the year ahead in consumer electronics

Mette Eriksen
 Jan 9, 2013

This year’s International Consumer Electronics Show (CES) kicked off in Las Vegas on Monday with the press day. CES sets the scene for the technology year ahead. 2012 offered a bumpy ride for many tech companies. Japanese companies in particular felt the squeeze of the strong yen, the China-Japan dispute, restructuring costs and the competitiveness of companies such as Samsung and LG from Korea. This year CES will be the platform to deliver positive messages to shareholders that their plans for the year ahead will turn around their fortunes. Read more »

Changes in the imaging landscape means changes to InfoTrends’ consumer services in Europe

Mette Eriksen
 Dec 6, 2012

InfoTrends is pleased to announce some exciting changes to our European Consumer Information Services. As of Monday, 3rd December, InfoTrends’ introduced two new services: Photo Capture Trends Europe and Photo Output Trends Europe. Read more »

What are photos worth? In $$$?

Mette Eriksen
 Oct 23, 2012

Every year InfoTrends publishes a Personal Photo Activity Forecast for the U.S. which includes the number of photos that are captured. In 2012 InfoTrends estimates that 89 billion images will be captured in the US. We estimate that around 63 billion images will be captured in Western Europe this year.  Read more »

Photokina Ups and Downs

Mette Eriksen
 Sep 27, 2012

Photokina 2012 closed its doors on Sunday 23 September. According to Photokina, around 185,000 visitors attended the show this year; an increase of about 2% on the visitors’ number of 2010. This demonstrates that the digital imaging industry continues to pull in the crowds. However, it is a slowdown in number of visitors compared to 2010 when there was a 7% increase over the 2008 show. Photokina follows hot on the heels of IFA, a consumer electronics and home appliances trade show in Berlin, and it is possible that some visitors chose to attend just one of these two shows. Read more »

Photokina First Impressions

Mette Eriksen
 Sep 17, 2012

The 2012 Photokina trade show opened its doors to the press on Monday, September 17, and although the finishing touches are still being put on the booths we were able to take a look around. There were a number of press conference and other press events taking place, as well. Read more »

Smartphones are convenient and connected. Where does that leave digital cameras?

Mette Eriksen
 Jul 31, 2012

The digital camera market in EMEA peaked back in 2007 and the market is now in decline. This is caused by high household penetration of digital cameras combined with a slowing economy. The smartphone market on the other hand is seeing spectacular growth which is showing no signs of slowing. This is driven by an increase in the number of smartphone models that are available, less expensive data plans and frequent replacements driven by data plans which typically last no more than 24 months.

At the same time InfoTrends research is showing that smartphones are rapidly moving up on the list of cameras that are used most often. Read more »

2012 InfoTrends, Inc.