Olympus is announcing updates to its popular Pen and Stylus series of cameras. The E-PL5, E-PM2, and XZ-2 will be available this fall for between $549.99 and $649.99.
Struggling camera manufacturer Olympus may soon find relief from Sony, according to a new report from Nikkei. The two firms are said to be negotiating a $623 million investment from Sony Corp., which would make it Olympus' largest shareholder, accounting for more than a 10 percent stake.
Japanese newspapers are reporting that Olympus will cut around 2,500 jobs and sell a 10 percent equity stake to either Sony or Panasonic.
The wait for Olympus' beautifully retro OM-D E-M5 is over, at least for some early adopters: according to tipsters at 43rumors, the 16.1-megapixel Micro Four Thirds camera has shipped to pre-order customers in the US, UK, Canada and Germany.
Incoming Olympus president Hiroyuki Sasa has expressed a desire to pare back the company's camera line in an attempt to return to profitability.
Olympus has had a bad year, to put it bluntly — it was revealed that the company lost over two billion dollars due to bad investments and tried to cover it all up. Despite all the troubles, however, the company might be getting some assistance from some powerful companies.
The former chairman of Olympus, Tsuyoshi Kikukawa, has been arrested along with two executives and four members of staff over allegedly violating the Financial Instruments and Exchange Act by covering up $1.7 billion in losses.
Olympus has finally unveiled its OM-D E-M5 Micro Four Thirds camera. It features a 1.44-megapixel electronic viewfinder, a 16.1-megapixel sensor, and a film SLR-inspired design.
- Olympus OM-D pictured in full detail thanks to Amazon Japan Feb 4, 2012, 4:23pm EST
- Olympus OM-D Micro Four Thirds camera leaks continue (update) Feb 3, 2012, 8:31am EST
- Olympus OM-D Micro Four Thirds camera teased in leaked picture Jan 20, 2012, 9:32pm EST
- Olympus OM-D retro mirrorless interchangeable-lens camera rumored Jan 18, 2012, 2:18pm EST