Saturday, October 27, 2012

Canon Revenue and Profit Drops

Canon has just announced a third-quarter earnings, revenue of $ 10.3 billion, 13% lower than the third quarter of last year. In addition the profit dropped 42% to $ 908 million.

Canon said that this is due to a strong yen, the European Asian market recession. SLR sales is not as good as last year,. Though the new model 5D3 which does not do much to boost sales.


In view of this, 2013 should be a buyers'  market for camera.

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