5 Largest Photography Companies In The World

1. Sony Group Corporation (NYSE:SONY)

2021 Revenue: $8.44 billion

Sony Group Corporation (NYSE:SONY) produces a wide range of interchangeable lens cameras, camcorders, accessories, lenses, vlogs, and compact cameras. The AF Assist function in Sony Cameras creates a new shooting style that combines autofocus and manual focus for content creators.

According to the NPD Group, Sony Group Corporation (NYSE:SONY) sold the highest number of full-frame mirrorless cameras in the US and Canada in 2021. This was due to the Alpha 7 III model, which was the best-performing mirrorless camera in these countries in 2021. Meanwhile, according to Japanese Techno System Research, the company holds the second biggest market share of 27% in the digital camera segment as of 2021.

Here’s what Aristotle Capital Management, LLC, said about Sony Group Corporation (NYSE:SONY) in its Q3 2022 investor letter:

“Sony Group Corporation (NYSE:SONY), the global provider of video games and consoles, image sensors, and music, as well as movies, was a major detractor for the period. The share price of the company has struggled this year following its strong performance in 2021. Signs of a slowdown in the gaming industry (as people seem inclined to take on outdoor activities as pandemic fears have subsided), combined with sales of its PlayStation 5 that have been held up by a global parts shortage, have led to gaming‐related software sales falling more than 20% year‐over‐year. Rather than focusing on short‐term demand dislocations, we focus on the company’s ability to continue migrating videogame users toward the firm’s subscription offerings, as well as its capacity to leverage content across its video, music and gaming platforms. We are also impressed with the expansion of Sony’s Music segment, which has been supported by the pervasiveness of streaming services. Management’s ongoing work to improve the company’s TV and film studios is bearing fruit as well, with sales growing 67% year‐over‐year for its Pictures segment as its regional strategy has taken hold, including recent progress made toward solidifying a merger plan with India‐based Zee Entertainment. All of this is to say we remain excited by the oligopolistic nature of the businesses Sony operates in, and the future prospects for the company given its leadership in image sensors, music publishing and gaming consoles.”

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