Feeds

Digital camera sales slow

Jessops shares plummet after warning

  • alert
  • submit to reddit

Build a business case: developing custom apps

Shares in high street camera shop Jessops plummeted by almost a third today after it warned that demand for digital cameras had tailed off.

Although Jessops insisted that it has maintained its market share overall it admitted that sales have been "considerably below management's expectations". The "difficult trading conditions", it said, have been made worse as rival retailers cut prices to compete for fewer shoppers.

Shares in Jessops fell 31 per cent (48.5p) to 106p by mid afternoon as investors responded to today's profit warning.

Earlier this month researchers IDC reported that while the digital camera market in Western Europe continued to grow in 2004 there were signs that the sector was maturing and beginning to slow.

In 2004, more than 25m digital cameras were shipped - a 58 per cent increase on the year before - although analysts anticipate "more moderate growth through 2005".

Said IDC researcher Paul Withington: "This first sign of market maturity was seen in 4Q04, when shipment growth slowed to 30 per cent over 4Q03, in a period that includes the Christmas rush and is the busiest quarter for the market." ®

Related stories

Olympus m:robe 500i media player
Samsung unveils 3GB HDD smart phone
Olympus Camedia C-370 Zoom
O2 and Kodak team for online piccies

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.