Camera shipments, production hit due to COVID-19, reveals 2020 CIPA data
3 years, 10 months ago

Camera shipments, production hit due to COVID-19, reveals 2020 CIPA data

India Today  

The outbreak of coronavirus ate many businesses, the camera industry being one of them. However, CIPA's data shows a 25.9 percent decrease in volume and a 12.5 per cent decrease in value. Compact camera shipments were down 47 per cent by volume and down 41.3 percent by value. While DSLR cameras were down 47.3 per cent by volume and down 44.6 percent by value. CIPA’s data also confirms that despite shipment volume being down, the financial reports of Canon and Nikon show that the value of units shipped is not dropping at an equal rate.

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