Originally posted by Rondec My guess is that this year is going to be pretty terrible overall for camera sales and the top end in particular is going to take a beating. Of course wealthy people are still wealthy, but even they have taken a bath with stock market crashing the way it has. I think everyone is going to make do with a generation older gear until the economy recovers, which is at least a year away.
Interestingly , tech companies haven't slowed down, they expect to sell more in the second half of the years after the virus crisis is over. They say, the underlying demand for new product is still there, customers just postpone some of their purchases. The other thing is central banks injecting short term cash and governments paying bills, and spreading the short term spending spike over the long term debt, and this might trigger a positive economic growth cycle after the infection is over. Currently, we have negative perception of the virus crisis because of short term view of it. In reality, the infection cycles last one month , and one month slow down in one year is less than 10%. If lots of sales are recovered after one month , the drop of revenues this year will be less that 10%, not a very big impact actually. For the camera industry however, the underlying demand for cameras is naturally falling without virus; the virus crisis might just be used as an excuse for explaining low sales at end of 2020.