As PetaPixel reported last week, Leica's prices are increasing in the United States thanks to tariffs. The scale of the price increase is, in some cases, extreme. Certain Leica products are nearly twice as expensive now. [Read More]
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With the announcement of tariffs, several camera manufacturers announced a price increase. We have already reported on Leica's response to the policy, with the price hike going up as much as 90%. Canon also reported a hike, but it has not yet officially reflected on retail sites.
Nikon's latest financial results outline a significant drop in operating profit year-over-year, due mainly to significant one-time costs. The company also says that tariffs could reduce its profit for the current fiscal year by nearly $70 million. [Read More]
Leica was among Fujifilm, Canon, and Sigma, which have declared the increase in prices of gear due to Donald Trump's declaration of tariffs. While the company didn't reveal how much the prices will grow, there is now a clear indication that the company has seen both a minor and major increase in the prices of gear.
Sony detailed its fourth-quarter 2024 financial results today, reflecting a 24% decline in year-over-year consolidated sales. However, Sony's imaging-related segments held steady.
Since the announcement of tariffs, things have been shaky across various industries. Rising prices and an uncertain future are some of the factors that are affecting business, with the brunt being the most on smaller businesses.
One of the challenges that photographers face today is the rising price of cameras and lenses. Before the Donald Trump administration announced tariffs, camera prices were already high, thanks to inflation and the cost of sensors and metals.