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Leica Just Recorded the Highest Revenue in Its Entire 100-Year History(petapixel.com)
25 points by bookofjoe 7 months ago | 22 comments
mullingitover 7 months ago | parent | next [-]

Thank goodness for Leica.

Sure they make good cameras, but I think the real blessing they give the photography world is the way they function as a sponge, soaking up a lot of money so it's not going around and inflating the price of the other vintage camera stuff I want to buy.

synicalx 7 months ago | parent | next [-]

> not going around and inflating the price of the other vintage camera stuff I want to buy.

I don't think I've ever seen the vintage camera market this inflated, stuff that would have been <$50-100 5 years ago is going for $400+ and that's if you can even find stock of it. Even film has skyrocketed in price, despite more of it being produced now than any other time in the last decade or two.

mullingitover 7 months ago | parent [-]

It's somewhat encouraging that there's more of an interest and that it's driving prices up. It means there's less chance that film will die completely as a consumer product. You can still afford some professional grade gear that's in excellent condition for peanuts, as long as what you're after isn't particularly trendy. I paid about a hundred bucks for a Canon Elan 7 that's in perfect working order and works with all my modern EF mount lenses and flashes. That's about the price of shooting and developing four rolls of film! Just stay away from the rangefinders and you're generally fine.

gaws 7 months ago | parent | prev | next [-]

> not going around and inflating the price of the other vintage camera stuff I want to buy.

Thanks to social media, namely TikTok and Instagram, the secondhand film camera market has seen prices skyrocket. Cameras that roughly $100 have seen their value triple, sometimes, quadruple. It's never been more expensive to get into the hobby.

10729287 7 months ago | parent | prev [-]

Uh ? Vintage Camera market never been that inflated with people paying hundreds for a Mju II and hyping every single camera one after another, from the best to worst. Film is expensive as hell, same for processing. Plus, leica is not making bucks with film but their digital cameras, especially Q3 as stated in the article.

mullingitover 7 months ago | parent [-]

I'm not saying Leica is profiting directly, just that the brand's cameras soak up an inordinate amount of revenue in the used market.

And yes, the used market in general has been in a rising tide lately (especially for perennial niches like rangefinders) but you can still get into very high quality vintage gear for peanuts if you shop around a bit. Hopefully the surge in demand will get more manufacturers looking at making film bodies again so we're not sifting through the dwindling supply of used gear.

thatoneguy 7 months ago | parent | prev | next [-]

I've owned a Leica Q2 and Q3 and the former was what finally got me to ditch my phone's camera and get back into photography. Leica's color science is some of the best out there, even if their technology stance is a bit like Apple's in that they're not the first to do anything but often the first to do it right.

That said, I outgrew the Q3, sold it for pretty much what I'd paid for it and bought two Sony cameras and some lenses. I got tired of "zooming with my feet" and the Sony 70-200mm GM II shoots like it's from the future.

10729287 7 months ago | parent | next [-]

Regarding colorimetry, like we used to call that before everyone calling it "Color science" on Youtube, Panasonic and SIGMA are great too. SIGMA being awesome at it thanks to their expertise with Foveon sensor. No need to buy Leica to have nice colors.

8f2ab37a-ed6c 7 months ago | parent | prev [-]

a7iv + 70-200 GM II shooter myself too, I feel you! Even in my day to day travel photography with my partner I'll still drag that combo with me. It's the one range that you just can't easily replicate with a phone and it looks totally magical, whereas things like wide angle photo and your regular 35mm are "close enough" that often I'll just use my phone instead.

vr46 7 months ago | parent | prev | next [-]

Photography has never been a cheap hobby, and there have always been a few manufacturers at the top end of engineering able to reach higher and higher.

Regarding digital, Leica made several false starts - its M8 and M9 were excreble - and it finally understood that you couldn't spend all the money on machining brass to protect the innards made of cheese.

The Q2 is/was/whatever in a league of its own and the closest thing I have yet found to my old G2. The lens is pretty much too good, it resolves everything, and everything is there, always, and you want for nothing. The rest of the camera is a joy to use, I've had it for five years and they have nailed the usability. It is constrained, of course, but as an everyday camera that is a joy to use, it's amazing. Couple that with brand cachet and awareness, and no wonder they're finally doing brilliantly. The new digital strategy also shed some of the duller old-school gatekeepers like the late Erwin Puts with his whining about the "soul of Leica products being eradicated" (see https://photo.imx.nl/blog/files/75caecf5a21140ab6c9b46f825ef...).

And many of the comments about the Q-series talk about rediscovered the joy of photography and shooting. I lent my Q2 to a friend for an extended play and they were in love with in and what it let them do.

Joy-to-use. Wins the oh-I-like-your-camera-competition. Superlative image quality and colour. Luxury brand that reminds you how awesome you are when you look it, which, let's face it, is the only reason you look at a Rolex or Omega on your wrist too.

strict9 7 months ago | parent | prev | next [-]

DSLR quality has been a buzzword for phone cameras for a while now. And in some cases it is. But when comparing photos across a range of conditions from my phone to a full frame DSLR with a good lens one is clearly better. As one example, simulated bokeh isn't as nice looking at the real thing. The resulting photo difference is more pronounced in long telephoto portraits.

The software, convenience, and always with you aspect ensure phones will probably always be dominant. But as Leica is showing there is still a hunger for photos that look better.

With photography, optimizing hardware (sensor, glass) is going to yield more results than optimizing software. Sensor size has an impact on the resulting photo.

kylehotchkiss 7 months ago | parent | prev | next [-]

I'm in a position where I could get a Leica camera, but I'd much rather stick to Fujifilm who make great optics, have great in-camera film simulation, and require very little editing work outside the camera. Leica's revenue seems to me like people just wanting the luxury version of something? I just haven't seen the results to justify the cost.

jbotz 7 months ago | parent | prev | next [-]

Pretty amazing... the market overall for consumer digital cameras has crashed over the last decade due of course to smartphones making a dedicated camera kind of redundant for the majority of consumers. But Leica shows that even in a crashing market there is room for some to succeed! Btw., it was Leica that popularized the 35mm format for photographic film.

lb1lf 7 months ago | parent [-]

While that is undoubtedly true, Leica never really catered to the 'I could do with a dedicated camera' crowd, but rather to the 'I am passionate about photography and am reasonably well-heeled' or 'I am obscenely rich and would like to show off' crowd.

That, and presumably a lot of their revenue is from licencing their brand name to all sorts of phone manufacturers.

I wouldn't be surprised if their own rangefinder line (which is what I believe most people into photography associate with the Leica brand) was at best breaking even - it is merely a means to maintain the cachet of the brand, methinks. YMMV.

(Said as a longtime Leica enthusiast, but the digital Ms are out of my (comfortable) reach - when out shooting rangefinders, it is mostly a Leica M4 (1968) or a Cosina/Zeiss Ikon ZM (2005-ish, methinks)

FireBeyond 7 months ago | parent [-]

> 'I am obscenely rich and would like to show off' crowd.

The usual joke is "for dentists who want to take some family snapshots" (which is a slur at dentists, not at Leica. I've used two of their cameras, the Q and the SL2, and both are very pleasant experiences).

7 months ago | parent | prev | next [-]
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jitl 7 months ago | parent | prev | next [-]

Maybe it’s better I’ve never held a Leica because maybe if I did, I’d have spent $6000 on one by now. Oh well. I’ll stick to my ignorance & Fujifilm

blackoil 7 months ago | parent | prev | next [-]

How much did Xiaomi pay for Leica tech/branding.

10729287 7 months ago | parent [-]

Someone asking the real questions there !

etimberg 7 months ago | parent | prev | next [-]

isn't that basically a given for any company when comparing numbers that have not been adjusted for inflation?

_aavaa_ 7 months ago | parent [-]

Kodak might say otherwise

7 months ago | parent | prev [-]
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