5D Mark IV Rumor Update, Adobe Revenue Breaking Records, & Instagram Petition Surpasses 150k [Daily Roundup]
Welcome to our roundup series where we will hit on several gear news and rumor topics each day. This gives you a chance to get caught up on all of the day’s news and rumors in one place. Make sure to check back daily for the latest gear news, rumors, and announcements.
Canon 5D Mark IV Rumor Update
Apparently, there were some rumors going around that the 5D Mark IV may get announced today, and as you can see, that has not happened. But it did prompt the folks over at Canon Rumors to update their 5D Mark IV rumor this morning.
According to the Canon Rumors report, the 5D Mark IV is still slated for a late April announcement (at the earliest). They say the camera will have a moderately upgraded sensor in terms of resolution, but a big improvement in dynamic range. This shouldn’t be new information to you if you have been following the CR rumors on this camera.
What is new information, though, is that this new 5D Mark IV may have the best video features in the entire Canon lineup (not including the cinema line, of course). What we don’t know is specifically what about it will give it that status, but according to the source, CR states that the video features became a priority to Canon about a year ago, and a big portion of the 5D Mark IV’s development has been weighted in that direction.
It will be very interesting to see what Canon does with this.
Creative Cloud Beginning to Pay Off As Adobe Reports Record Revenue
Despite all of the initial backlash and continued tongue-lashing regarding the Creative Cloud, the numbers are in, and the service has led Adobe into a very profitable period for the company.
Adobe released their financial statements yesterday, and the results show record profits for the software firm. According to the numbers released, the firm has seen a 78% increase in operating income and a 25% growth in quarterly revenue.
Adobe’s First Quarter Financial Highlights
- Adobe achieved record quarterly revenue of $1.38 billion, representing year-over-year growth of 25 percent.
- Diluted earnings per share were $0.50 on a GAAP-basis, and $0.66 on a non-GAAP basis.
- Digital Media segment revenue grew by 33 percent year-over-year to a record $932 million, with Creative revenue growing 44 percent year-over-year to a record $733 million.
- Strong Creative Cloud adoption drove Digital Media Annualized Recurring Revenue (“ARR”) to $3.13 billion exiting the quarter, an increase of $246 million.
- Adobe Marketing Cloud achieved strong bookings growth, and record revenue of $377 million that represents year-over-year growth of 21 percent.
- Year-over-year operating income grew 78 percent, and net income grew 200 percent on a GAAP-basis; operating income and net income both grew 48 percent on a non-GAAP basis.
- Cash flow from operations was $498 million, and deferred revenue grew to $1.61 billion.
- The company repurchased approximately 1.5 million shares during the quarter, returning $133 million of cash to stockholders.
It is clear that despite a fair bit of backlash, the majority of the Adobe user base has opted to bite the bullet and get on board with the Creative Cloud. This is good news for Adobe and confirms their place in the software ecosystem for creative professionals.
Anyone interested in more information on this can find the full release over on the Adobe Investor Relations website.
Instagram Petition Surpasses 155,000 Signatures
When it was announced earlier this week that Instagram would be implementing some Facebook-like algorithm filtering for your feeds, the general community had a collective meltdown.
Well, as with any event that causes public outcry (and even some that don’t) a change.org petition has been started; and in the three days since, the announcement has amassed over 155,000 signatures as of this writing.
The petition calls for Instagram to reverse its decision to implement an algorithm, or at the very least, to give users the option to opt out and hold onto their precious chronological feeds.
So far there has been no official response from Instagram regarding the backlash, but if this petition continues to grow, and negative feedback continues to come in, eventually they will have to address it one way or the other.
If you would like to sign the petition, or learn more about it, you can find it over on Change.org here.
What are your thoughts on today’s roundup? What news/rumors did we miss? What would you like to see covered in future roundups? Leave a comment below and let us know what you think!