UmmmmPanasonic reports $667 million profit last quarter

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Not as easy as one might think; just ask Microsoft. Hard to turn big ships.

Their first mirror less cameras proved this point. even with the big names they have produced a mediocre cameras. It will take long time for Canon/Nikon to introduce a collection of lenses and bodies like has. As the time passes will get more market traction and might take the role as sale wise leading mount.

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Cameras Panasonic G5 and G2
lenses Rokinon 7.5, P14-42, P14-45, P20, P45-200, P100-300
Adapted lenses Olympus 50mm F1.8 OM , JCPenney 135/F2.8 OM, Teleplus 2X MC7 Macro

http://www.flickr.com/photos/ehudlavon/

At mirrorless rumors, also:

Canon admits: We haven’t sold as many EOS-M cameras as expected… | Mirrorless Rumors

I think is hard for Canon to catch up if they just start to R&D last yea, I guess maybe 3 years to take compete with Olympus.

Canon probably could have had instant success if they had gone for the micro four thirds standard.

I never said it would be easy. But....

We poke fun at them about how they're trying to join "the game" - be warned once they figure out the rules

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Olympus E-PL5
M. Zuiko 17mm ƒ1.8 | M. Zuiko 17mm ƒ2.8 | M. Zuiko 14-42 II | M. Zuiko 14-150 ED | M. Zuiko 45mm ƒ1.8 ED | M. Zuiko 75mm ƒ1.8 ED | M. Zuiko 75-300 ED II | Leica DG Summilux 25mm ƒ1.4 ASPH | Lumix G Vario 45-200 |

I'm not sure about their R&D timelines, but truth is they blew it with both the G1X (it could be a much better camera when introduced, IMO) and the EOS-M, which is, again IMO, a total joke.

Let's not forget that all Canon's small sensor cameras with good sensor performance, actually have Sony sensors in them. Meaning they haven't invested in small(er) sensor tech at all.

I'm currently with Kirk Tuck's prediction for the next 2 years, concerning Canonikon. They will actually introduce, I think sooner than later, something of a "hybrid" mirrorless technology, along the lines of Sony SLT. Not nessesarilly using a pelicle mirror. Furthermore, for Canon, they have to both replace their aging APS-C sensor and introduce much better AF performance, both CD-AF and (probably on sensor) PD-AF.

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We will not see this, as a leading camera manufacturer joining an "open" standard is not in their DNA. They like to tide their customers to proprietary mounts. This helps them to control their market.
Olympus and Panasonic created jointly the because they did not had the resources to maintain a large market share alone.

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Cameras Panasonic G5 and G2
lenses Rokinon 7.5, P14-42, P14-45, P20, P45-200, P100-300
Adapted lenses Olympus 50mm F1.8 OM , JCPenney 135/F2.8 OM, Teleplus 2X MC7 Macro

http://www.flickr.com/photos/ehudlavon/

That looks good until you actually read the engadget article.

"Just as Sharp offered a slightly more hopeful glimpse at its balance sheet this morning, so too does Panasonic have something worth celebrating: a net profit of 61.4 billion yen ($667 million) in the last three months of 2012. Much of this profit stems from a weaker yen and previous cost-cutting exercises, however, rather than any surge in demand for Panny products -- in fact, underlying sales continued to slip, with cameras, TVs and Blu-ray recorders proving especially hard to shift. Nevertheless, compared to the meager $164 million Panasonic made at the start of 2012, or the ego-crushing $2.1 billion net loss it suffered in the last three months of 2011, no one in that big HQ is likely to be complaining."

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