Mu-43 Hall of Famer
- Feb 21, 2017
- Real Name
- Mike Wingate
1936. Semi-Olympus 1 folding camera with Zuiko lens.Just one more time: Olympus has not been a camera company for half a century. They are in medical/scientific (optical) business and only 8% of revenue came from their consumer product unit before they finally decided to stop throwing good money after bad and dumped it to JIP. Cameras were nothing more than a very expensive hobby which Olympus kept way too long just for the old times sake. Note also that Olympus/JIP has never ever mentioned the word "sale" in any official communication which indicates that if money changed hands in the transaction, it did not go from JIP to Olympus.
Nikon is currently the only real "camera company" left because some 40% of their revenue comes from cameras and desperate measures are needed if that unit sinks deep into red because the whole company will end belly up pretty quickly. Even at Canon over 80% of revenue comes from something else than cameras so they have the same option as Olympus if business goes pear-shaped.
1959. Olympus Pen half frame camera.
1972. OM1 camera.