Sunday, July 3, 2022
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Photography Digital Cameras

Olympus To Officially Exit Camera Business By Year End

by Heirul Kamel
June 24, 2020
355
SHARES
Share on FacebookShare on Twitter

Japanese camera maker Olympus has announced that it will exit the camera business entirely by the end of the year. The company recently signed a memorandum of understanding (MOU) with Japan Industrial Partners (JIP), who will be inheriting its camera division and shares once the deal closes in December.

According to the MOU, Olympus stated that it had struggled to maintain its camera business despite introducing measures to cope with “the extremely severe digital camera market.” The company noted that the rapid market shrink was caused by the popularity and evolution of smartphones.

For those unfamiliar, JIP are also the owners of the VAIO brand after acquiring it from Sony back in 2014. The memorandum states that the company plans to streamline the business and will continue to develop products using Olympus imaging brands such as OM-D and Zuiko.

ADVERTISEMENT

(Image: Olympus)

By handing over its 84-year camera business to JIP, the company will instead continue to focus on its medical division which has been a major part of its overall business. Olympus Medical is known to provide endoscopic, ultrasound, electrocautery, and endotherapy equipment to hospitals and other medical centers worldwide.

Both companies plan to sign a definitive agreement by the end of September 2020, with the deal expected to close by the end of this year. Although we may no longer see newer cameras bearing the Olympus brand, fans can be rest assured that series such as Pen and OM-D will continue to live on under new ownership hopefully by 2021 onwards.

(Source: Olympus [MOU] via Reuters)

Tags: businessCameraJapan Industrial PartnersJIPOlympusOM-DPen
Back to top
Share142Tweet89SendShare

ADVERTISEMENT

RELATED ARTICLES

Ayaneo Announces Next 2 Handheld Gaming Console
Gaming

Ayaneo Announces Next 2 Handheld Gaming Console

by John Law
July 1, 2022

Ayaneo, the China-based handheld gaming console maker, recently made a surprise announcement, with the launch of its next handheld console...

Read more
mozilla firefox browser
Internet

Firefox Now Automatically Deletes Tracking From URLs

by Ikmal Rozlan
July 1, 2022

Mozilla Firefox just recently released version 102 of its browser and it comes with a new privacy feature that removes...

Read more
meeting office four-day work week
News

JPA Sets Up Special Team To Study Four-Day Work Week

by Ikmal Rozlan
July 1, 2022

The Public Service Department (JPA) has formed a special team to study the viability of implementing a four-day work week...

Read more
ASUS Launches ROG Cetra TWS Earbuds; Retails For RM515
Audio

ASUS Launches ROG Cetra TWS Earbuds; Retails For RM515

by John Law
July 1, 2022

ASUS pulled back the veil from its addition to the ROG lineup, the Cetra. The Cetra is a pair of...

Read more
Load More
No Result
View All Result

TRENDING TODAY

  1. 1
    ISP

    TM Is Upgrading Network Infrastructure Nationwide: Provides Wi-Fi 6 Router To 100Mbps Plan

  2. 2
    News

    Employees In Klang Valley Spend 44 Hours In Traffic Jams Every Month

  3. 3
    News

    Ipoh Installs Smart Traffic Lights; 5G Network To Come In October

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

We use cookies to improve your experience. Learn More.