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RED is Talking With Foxconn – Are we Ready For Affordable 8K Cinema Cameras?

By Yossy Mendelovich

“We will make cameras that will shoot professional-quality films in 8K resolution but at only a third of current prices and a third of current camera sizes”

The statement above was announced by Terry Gou, the founder and chairman of Foxconn, which is the largest private employer in China and one of the largest employers worldwide.

Foxconn manufactures electronic products for major international companies. Notable products include BlackBerry, iPad, iPod, Kindle, Nintendo, PlayStation and of course – the iPhone.

As 8K resolution is slowly becoming the benchmark standard for digital television and cinematography, plus Foxconn being in search of a new revenue stream, the strategic business pivot into prosumer cinema camera production sounds almost logical. When you’re actually thinking about this, suddenly RED becomes the ultimate partner for this joint venture as the perfect match to disrupt the ultra high resolution cinema camera market. RED is not afraid of innovation and new business adventures and neither is Foxconn.

According to Nikkei Asian Review, Gou said that he is in contact with RED Digital Cinema, in order to form a joint venture or partnership to produce affordable cameras. RED’s 8K camera currently sells for around $30,000, which probably makes it attractive for professionals only. Foxconn’s vision is to deliver professional imaging products to the general public as well.

A genius strategic move or business cannibalization?

I have to admit, it sounds both fantastic and strange. Why should RED take this business route? RED had teamed up with Apple already in order to deliver the Raven to the crowd for a reasonable price. Actually, what makes RED cameras expensive is not the camera itself, but the accessories (taking Raven as an example).

That move could be a sort of market cannibalization by RED, unless the company is willing to withdraw from the pro cinema market → continue…

From:: Cinema 5d

Verizon follows AT&T, drops Huawei smartphones

A couple of weeks ago, AT&T decided not to carry any handsets from Chinese smartphone maker after pressure from lawmakers over security concerns. Now, according to sources at Bloomberg, Verizon is following AT&T’s lead by dropping Huawei from its catalog.

Just like AT&T, the government is reportedly urging the move to end any collaboration with Huawei on standards for a 5G network in the US. “The next wave of wireless communication has enormous economic and national security implications,” said Michael Wessel of a US-China security review commission. “China’s participation in setting the standards and selling the equipment raises many national security issues that demand strict and prompt attention.”

It appears the government’s security concerns over Chinese spying through telecommunications infrastructure will likely delay the implementation of 5G technology in the US. Both AT&T and Verizon plan to roll out 5G networks this year, but now won’t be able to offer Huawei devices, which will likely be the first smartphones to support the new standard.

→ continue…

From:: DPreview