Sony takes #2 spot from Nikon in global interchangeable lens camera market

Global revenues in the video camera market dropped while market share stayed the same
 Sony’s global market share in the video camera market remained at 29 percent
Sony’s global market share in the video camera market remained at 29 percent

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Sony has reported a 24 percent share of the global still camera market based on revenue, an increase in four percent compared to FY2017. In a recent conference call with investors and analysts, Sony revealed numbers for its digital imaging business for the 2018 fiscal year (FY2018).

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While Sony’s global market share in the video camera market remained at 29 percent, the overall market size, in revenue, dropped dramatically from ¥390 billion ($3.57 bn) to ¥300 billion ($2.75 bn), a massive decrease of 23 percent.

Sony reported that its interchangeable lens camera (ILC) market share increased from 19 percent in FY2017 to 23 percent in FY2018, putting it behind market leader Canon and surpassing rival Japanese company Nikon. Its compact camera market share increased from 26 percent in FY2017 to 29 percent in FY2018, making it a global market leader.

Despite Sony's increase in the global market share, based on revenue, the still camera market as a whole shrunk from ¥1,400 billion ($12.8 billion) to ¥1,300 billion ($11.9 billion), a drop of 7.1 percent.  

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