Skip to main content

Nikon joins other camera manufacturers in raising prices due to tariffs

By

Nikon has announced that it will increase prices on its photography products in the US due to tariffs, joining other camera manufacturers including Canon, Blackmagic Design and Leica in doing so. It hasn't yet shared which products will be affected, but several outlets have received word from dealers that the changes will mostly affect lenses and accessories manufactured in China. 

"Due to the recent tariffs, a necessary price adjustment for products will take effect on June 23, 2025," the company wrote last week. "We will be carefully monitoring any tariff developments and may adjust pricing as necessary to reflect the evolving market conditions. We wish to thank our customers for their understanding and know that we are taking every possible step to minimize the impact on our community."

The development comes from Trump's recent tariffs affecting electronic goods, with Nikon noting that the increase could cut its operating profit by around $68 million. Canon, the worldwide leader in camera sales, said in its earnings report last month that it would raise prices soon. Fujifilm recently paused US preorders for several models including the X-M5 and X100 VI. 

Other electronics companies, including Acer and DJI, also recently announced US-only price hikes. In its latest earnings report, Sony said it expects to seller fewer PS5s and expects a $700 million tariff-related revenue hit.

These increases could just be the beginning. Nikon builds its products in multiple countries affected by US tariffs, including China, Thailand and its home country, Japan. Unless those nations can negotiate new tariff terms before the end of Trump's 90-day pause, they could be subject to drastically higher rates by July — which would in turn prices for Nikon and many other camera manufacturers. 

This article originally appeared on Engadget at https://ift.tt/lchbCWp

from Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics https://ift.tt/lchbCWp
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Instagram accidentally reinstated Pornhub’s banned account

By
After years of on-and-off temporary suspensions, Instagram permanently banned Pornhub’s account in September. Then, for a short period of time this weekend, the account was reinstated. By Tuesday, it was permanently banned again. “This was done in error,” an Instagram spokesperson told TechCrunch. “As we’ve said previously, we permanently disabled this Instagram account for repeatedly violating our policies.” Instagram’s content guidelines prohibit  nudity and sexual solicitation . A Pornhub spokesperson told TechCrunch, though, that they believe the adult streaming platform’s account did not violate any guidelines. Instagram has not commented on the exact reasoning for the ban, or which policies the account violated. It’s worrying from a moderation perspective if a permanently banned Instagram account can accidentally get switched back on. Pornhub told TechCrunch that its account even received a notice from Instagram, stating that its ban had been a mistake (that message itse...
Post a Comment
Read more

Watch Aidy Bryant *completely* lose it as 'SNL' roasts political pundits

By
On Saturday Night Live , there are breaks and then there's whatever happened here. The Season 45 premiere featured a sketch that was meant to expose the empty noisemaking of political punditry on TV. But part of the joke involved a series of quick costume changes, and some weirdness during one of those switches led to a complete and total breakdown. Aidy Bryant, the segment's host, couldn't take it. She manages to keep it together until what appears to be an accidental wide shot exposes some of the magic as we see a woman who's probably a member of the SNL wardrobe crew fiddling with Aidy's costume. Read more... More about Saturday Night Live , Aidy Bryant , Entertainment , and Movies Tv Shows from Mashable https://ift.tt/2okrAOq via IFTTT
Post a Comment
Read more

MVP versus EVP: Is it time to introduce ethics into the agile startup model?

By
Anand Rao Contributor Share on Twitter Anand Rao is global head of AI at PwC . The rocket ship trajectory of a startup is well known: Get an idea, build a team and slap together a minimum viable product (MVP) that you can get in front of users. However, today’s startups need to reconsider the MVP model as artificial intelligence (AI) and machine learning (ML) become ubiquitous in tech products and the market grows increasingly conscious of the ethical implications of AI augmenting or replacing humans in the decision-making process. An MVP allows you to collect critical feedback from your target market that then informs the minimum development required to launch a product — creating a powerful feedback loop that drives today’s customer-led business. This lean, agile model has been extremely successful over the past two decades — launching thousands of successful startups, some of which have grown into billion-dollar companies. However, building high-performing product...
Post a Comment
Read more