Nikon squashes DL camera series as companywide restructuring continues

nikon cancels dl 25 500
Nikon’s latest line of advanced compact cameras now won’t ever enter reality. Today, Nikon announced that the DL series, including the DL 18-50, DL 24-85, and DL 24-500, has been canceled. At the same time, the company posted a “notice of extraordinary loss” and revision to its financial forecast.

The three DL cameras were originally expected out in June of last year. But according to the company, an error in the integrated circuit that processes the images initially delayed the release. Now, with development costs increasing and the company working to restructure amid financial struggles, the cameras will not be released.

Nikon also cited a slowdown in the market as another reason why the DL cameras won’t ever come to life. The latest Camera and Imaging Products Association report estimates that, for cameras with fixed lenses, sales will drop by about two million cameras this year.

The DL series was expected to use the same one-inch sensor, but paired with a range of different lenses for three different compact cameras. The series would have been the only fixed lens cameras with advanced features on the market from Nikon, as a small number of older compacts with advanced features haven’t been replaced.

This morning, the company also announced that the restructuring, which began back in November, was also proving to be significantly more expensive than first anticipated. The plan has the company focusing on its high-end cameras in an effort to stay competitive — at the time, Nikon had said it decided to make those changes while still in a financially strong position. A reduction in inventory is the largest reason behind the underestimation of those initial costs, to the tune of 5 billion yen or about $44 million.

As the next step in the company’s restructuring plan, Nikon also shared that 1,143 employees had applied to participate in the company’s early retirement plan, announced in December as part of the restructure. The response to the retirement incentive also created some higher-than-expected expenses.

Mobile

5G phones make a lot of promises. Here’s what to really expect

There has been a lot of marketing copy expounding the potential benefits of 5G networks, but a lot less on the practical implications of 5G smartphones. There's a reason for that.
Cars

Tesla given go-ahead to start deliveries of Model 3 to Europe

Tesla has been given the green light to start deliveries of its Model 3 electric sedan to Europe, giving it the chance to compete more effectively with the likes of BMW, Audi, and Mercedes-Benz in the region's premium car market.
Computing

Is AMD's Navi back on track for 2019? Here's everything you need to know

With a reported launch in 2019, AMD is focusing on the mid-range market with its next-generation Navi GPU. Billed as a successor to Polaris, Navi promises to deliver better performance to consoles, like Sony's PlayStation 5.
Mobile

Do these Geekbench results accurately represent the Moto G7?

The Moto G6 range is still relatively new to the market, but rumors have already started about the Moto G7, which is expected some time in 2019. Apparently, a G7 Power version will be joining the G7, G7 Play, and G7 Plus.
Photography

Olympus teaser shares glimpse of OM-D camera that’s good for more than sports

Is Olympus about to release a new mirrorless camera geared toward sports photographers? The latest teaser offers a glimpse of an upcoming OM-D camera set to launch on January 24, and by the looks of the teasers, it's capable for landscapes…
Photography

Nikon A1000, B600 pack big zooms into compact, budget-friendly cameras

The new Nikon Coolpix A1000 packs in a 35x zoom lens, 4K video, and an optical viewfinder, while Nikon's B600 brings a 60x zoom lens to the table. The cameras are modest updates to Nikon's budget-friendly zoom models.
Emerging Tech

Awesome Tech You Can’t Buy Yet: camera with A.I. director, robot arm assistant

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it sure is fun to gawk!
Social Media

Nearly a million Facebook users followed these fake Russian accounts

Facebook purged two separate groups behind more than 500 fake accounts with Russian ties. One group had ties to Russian news agency Sputnik, while the other had behavior similar to the Internet Research Agency's midterm actions.
Photography

From DIY to AAA, here's how to take a passport photo in 6 different ways

If you're applying for a passport or renewing one, you need to submit a photo in your official application. There are strict guidelines, but fortunately, it's something you can do at home. Here's how to take a passport photo.
Emerging Tech

The best drone photos from around the world will take your breath away

Most of today's drones come equipped with high-end cameras, which are quickly revolutionizing the world of aerial photography as we know it. Here are some of the best drone photos from around the world.
Photography

Photography news: Careful, self-driving cars can ruin your camera sensor

In this week's photography news, learn how self-driving cars destroyed a digital camera via lasers. Find out how many patents Canon filed for in 2018. Read about what Tamron lenses are available for the Nikon Z6.
Photography

Here are 8 GoPro tips to get the most out of your action cam

There's more to your GoPro camera than just mounting it to your skateboard. Whether it's finding the best accessories or understanding the settings more thoroughly, learn to shoot video like a pro with these simple GoPro tips and tricks.
Deals

REI drops prices on the GoPro Hero 7 action camera by $50

GoPros have been around for years, and they are still one of the best action cams on the market — though they are usually quite expensive without a discount. Right now, you can save up to $50 on the Hero 7 from REI.
Mobile

Here are the best selfie cameras on the market, according to DxOMark

DxOMark, the company known for testing cameras, is now extending its smartphone analysis to include the front-facing camera. The Selfie ranking will be kept separate from the overall mobile score.