The digital camera industry has been nosediving as of late, and Nikon is feeling the pain. In its latest financial results, Nikon revealed some grim numbers and an even darker forecast. The company’s business of selling cameras and lenses will no longer be its biggest revenue-generating segment. In an interview with Nikkei back in August, […]
You wouldn’t be the first person in the photography industry to be somewhat surprised by the incredible financial numbers published by Adobe in their Q2 earnings report. The company has been facing harsh criticism from photographers over their handling of Lightroom CC and the overall quality of the updates coming with the Creative Cloud.
Meta is experiencing a combination of financial difficulties that it has not encountered for the first time in its history. Its Reality Labs division continues to lose billions of dollars at the same time Facebook reported its first-ever decline in revenue. [Read More]
Adobe has released its Q4 financial results for the 2019 fiscal year, revealing that it has surpassed $11 billion in annual revenue for the first time in the company’s history, and posting an incredible 24% growth year-over-year.
After breaking $5 billion in revenue in a single quarter for the first time last year, Adobe has followed up with two straight quarters of record revenue and achieved most recently $5.31 billion in Q2. [Read More]
Adobe took a lot of crap from the photo community for switching to the Creative Cloud subscription model, but all of that criticism seems to have been worth it. According to the company’s recent earnings report, business is booming.