Nikon Corp. announced on August 3 the financial results for the first quarter ending on June 30, reporting that the total revenue for the period gained a 0.6% year-on-year to 170.3 billion yen, profit in operation declined 31.1% to 12.4 billion yen and net profit down 39.5% to 8.89 billion yen. In the Imaging Products segment, sales of mid-class cameras such as the D7500, a digital SLR camera released in June this year were firm, with unit sales increasing significantly in the U.S. Accordingly, the performance in revenue and operating profit exceeded the planned targets, but compared to the last year, a decease in revenue and operating profit was recorded due to a product mix change caused by the stagnant demand for the D5 and the D500. The company sold 720,000 units of interchangeable-lens cameras, 1.08 million units of interchangeable lenses and 770,000 compact digital cameras. The company said the unit sales of compact digital cameras declined but the average unit price rose about 30%.
Venus Optics recently unveiled the Laowa Magic Shift Converter (MSC) for Sony Full Frame E-mount cameras. The Laowa Magic Shift Converter is a lens adapter built with a patented optics system, which expands the image circle of the ultra-wide angle lenses. The shift mechanism on the adapter takes advantage of the enlarged image circle and shifts the camera sensor along the axis. The MSC is specially designed for the Laowa 12mm f/2.8 Zero-D lens and it converts the lens into a 17mm f/4 Zero-D lens with +/- 10mm shift capability. It comes with a close-to-zero distortion feature. Additionally, the MSC comes with a 360° rotation structure which allows the user to shoot in both horizontal and portrait orientation. The lens structure includes 5 elements in 4 groups. Its dimensions are 69.6 x 44.1mm and weighs about 360g. The Laowa Magic Shift Converter's Canon variant is currently available on the official website of Venus Optics (http://www. venuslens.net/) and their authorized resellers. The shipment of its Nikon variant is expected in two months.
GoPro has recently launched its latest update for the Hero5 camera to support to their latest app and adds better functionalities to the earlier GoPro apps. The new QuikStories app pulls footage from the connected GoPro HERO5 camera and creates stunning videos. This essentially replaces the earlier Quik app with GoPro app, which includes the new QuikStories feature. QuikStories analyses recorded footage and combines them along with the optimal transitions and background score. The created video is ready to be shared. It also has provision to edit the footage and apply custom transitions, background music filters and effects. The new app provides an effortless solution to produce polished and presentable videos. Talking about the latest update, GoPro founder and CEO, Nicholas Woodman said, “QuikStories is our biggest leap forward since the invention of the GoPro itself. QuikStories is the simple storytelling solution our customers have been dreaming about for years. It’s an absolute game changer”. To make a QuikStory, users can pair the HERO5 camera to their phones and launch the GoPro app. The app automatically copies the most recent GoPro footage to the paired phone and creates exciting videos. Users can also add text, slow motion and speed effects, change filters and music, adjust the total video length and more. Additionally, any footage on stored in the phone can be added to a QuikStory video. QuikStories is now available for HERO5 Black and HERO5 Session users.