Feeds

Digital camera sales slow

Jessops shares plummet after warning

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

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

Beginner's guide to SSL certificates

More from The Register

next story
Scrapping the Human Rights Act: What about privacy and freedom of expression?
Justice minister's attack to destroy ability to challenge state
WHY did Sunday Mirror stoop to slurping selfies for smut sting?
Tabloid splashes, MP resigns - but there's a BIG copyright issue here
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
EU to accuse Ireland of giving Apple an overly peachy tax deal – report
Probe expected to say single-digit rate was unlawful
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Hey Brit taxpayers. You just spent £4m on Central London ‘innovation playground’
Catapult me a Mojito, I feel an Digital Innovation coming on
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
EU probes Google’s Android omerta again: Talk now, or else
Spill those Android secrets, or we’ll fine you
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.