Industry notes for the week of Feb. 1
Rumours and interesting items from around the internet
- 2019 Mirrorless Cameras Compared: Sony vs Canon vs Nikon, via the BorrowLenses blog
Earning Reports
- Apple reports record first-quarter results, via press release. Apple posted quarterly revenue of $91.8 billion, an increase of 9 percent from the year-ago quarter and an all-time record, and quarterly earnings per diluted share of $4.99, up 19 percent, also an all-time record.
- Xerox reports improved earnings on lower sales for 2019. Xerox Holdings Corp. announced full-year 2019 revenue dropped 6.7 percent to $9.07 billion, but saved $640 million under the “Project Own It” cost-savings plan, which contributed to improved earnings and cash flow.
- Amazon crushes earnings in Q4, via Chain Store Age. Net sales increased 21% to $87.4 billion, topping Street estimates of $86.02 billion. Amazon’s net income increased to $3.3 billion, or $6.47 per diluted share.
- Samsung Electronics announces fourth quarter and FY 2019 results, via press release. For 2019, Samsung reported KRW 230.40 trillion in revenue and KRW 27.77 trillion in operating profit.
- Cimpress reports improved bottom line. Cimpress PLC reported second-quarter results of total revenues of $820.3 million, compared with $825.6 million a year ago.
Open positions
- ShootProof is looking for a senior front-end designer, a senior product manager, and a brand designer.
In Memoriam
- Ara Alex Christianian, COO of MIke’s Camera, passed away Jan. 27, 2020. Christianian was active with many industry groups, include the board of directors of PRO.
People on the Move
- The Seiko Epson Corp. board of directors appointed a new president. Minoru Usui, current president and representative director, becomes director, chairman, effective April 1. Yasunori Ogawa, former director, managing executive officer, becomes president and representative director.
- Asher Levy is the new active chairman of Landa Digital Printing
- Adobe changes executive leadership team