Competition for Canon hotting up?

Written by Andy Stout

CanonThe EF 70–200mm f/2.8 L IS II USM - now $200 cheaper

 Canon has long held a pre-eminent position in the lens market, but some significant recent price drops on its ‘L’ range suggest that the company is coming under pressure, either internally or externally.

The price drops vary from a fairly meagre 5% to a definitely noticeable 33%, with the biggest drops reserved for the larger lenses. So, while the Canon EF 600mm f/4 L IS II USM will still cost you a hefty $11,999, that’s a whole $1000 cheaper than it would have done lost week.

Probably the most eye-catching reduction is the Canon EF 24-70mm f/4 L IS USM, which sheds $500 to come down to $999, while even the rather well-regarded Canon EF 70–200mm f/2.8 L IS II USM is down to $2,300, an 8% drop.

All the indications are that these are permanent new positions at new price points. And, given the importance of glass to the business model, that in turn suggests that either competition in the market is reaching levels that can only be described as uncomfortable, or that the company has got a sudden and strong desire to shift some inventory to make way for something else…

 

Tags: Business

Comments

Related Articles

15 July, 2020

Why working for free is a bad idea

RedShark Replay: Been asked to provide your services for free lately? Andrew Johnstone on the insidious nature of The Culture of Free.

Don't work for...

Read Story

8 July, 2020

France had a national HD TV system as far back as 1949

RedShark Replay: France has always liked to go its own way on technology, but not many remember its pioneering efforts with 819-line monochrome...

Read Story

5 June, 2020

Bloomberg TV+ and Haivision: Streaming goes 4K and interstellar

The power of live video over the internet got a couple more jolts in the arm this week when financial services giant Bloomberg upgraded its streaming...

Read Story