Archive for October, 2008
From Reuters
TOKYO, Oct 27 (Reuters) – Japan’s Canon Inc (7751.T: Quote, Profile, Research, Stock Buzz) posted a 26 percent fall in quarterly operating profit and cut its outlook to below market expectations after the global slowdown sent the yen higher and hit demand for copiers and digital cameras.
Operating profit at Canon, the world’s largest digital camera maker ahead of Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz) and Nikon Corp (7731.T: Quote, Profile, Research, Stock Buzz), came in at 129.3 billion yen ($1.38 billion) in July-September, down from 174.2 billion yen a year earlier.
Growing worries about the global economy have depressed sales of office equipment such as copiers to corporate clients, while cooling consumer sentiment has hit digital camera demand.
For calendar 2008, Canon on Monday cut its operating profit forecast by 25 percent to 580 billion yen, down from 756.67 billion yen a year earlier and compared with a consensus of 693.1 billion yen from 19 analysts polled by Reuters Estimates.
Shares in Canon, which competes with Xerox Corp (XRX.N: Quote, Profile, Research, Stock Buzz) and Ricoh Co Ltd (7752.T: Quote, Profile, Research, Stock Buzz) in copiers and printers, have lost 49 percent since the start of the year through Friday, outperforming the Tokyo stock market’s electrical machinery index , which fell 56 percent. (Reporting by Kiyoshi Takenaka; Editing by Lincoln Feast)
Good followup posting.
cr
From Reuters
TOKYO, Oct 27 (Reuters) – Japan’s Canon Inc (7751.T: Quote, Profile, Research, Stock Buzz) posted a 26 percent fall in quarterly operating profit and cut its outlook to below market expectations after the global slowdown sent the yen higher and hit demand for copiers and digital cameras.
Operating profit at Canon, the world’s largest digital camera maker ahead of Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz) and Nikon Corp (7731.T: Quote, Profile, Research, Stock Buzz), came in at 129.3 billion yen ($1.38 billion) in July-September, down from 174.2 billion yen a year earlier.
Growing worries about the global economy have depressed sales of office equipment such as copiers to corporate clients, while cooling consumer sentiment has hit digital camera demand.
For calendar 2008, Canon on Monday cut its operating profit forecast by 25 percent to 580 billion yen, down from 756.67 billion yen a year earlier and compared with a consensus of 693.1 billion yen from 19 analysts polled by Reuters Estimates.
Shares in Canon, which competes with Xerox Corp (XRX.N: Quote, Profile, Research, Stock Buzz) and Ricoh Co Ltd (7752.T: Quote, Profile, Research, Stock Buzz) in copiers and printers, have lost 49 percent since the start of the year through Friday, outperforming the Tokyo stock market’s electrical machinery index , which fell 56 percent. (Reporting by Kiyoshi Takenaka; Editing by Lincoln Feast)
Good followup posting.
cr
From Reuters
TOKYO, Oct 27 (Reuters) – Japan’s Canon Inc (7751.T: Quote, Profile, Research, Stock Buzz) posted a 26 percent fall in quarterly operating profit and cut its outlook to below market expectations after the global slowdown sent the yen higher and hit demand for copiers and digital cameras.
Operating profit at Canon, the world’s largest digital camera maker ahead of Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz) and Nikon Corp (7731.T: Quote, Profile, Research, Stock Buzz), came in at 129.3 billion yen ($1.38 billion) in July-September, down from 174.2 billion yen a year earlier.
Growing worries about the global economy have depressed sales of office equipment such as copiers to corporate clients, while cooling consumer sentiment has hit digital camera demand.
For calendar 2008, Canon on Monday cut its operating profit forecast by 25 percent to 580 billion yen, down from 756.67 billion yen a year earlier and compared with a consensus of 693.1 billion yen from 19 analysts polled by Reuters Estimates.
Shares in Canon, which competes with Xerox Corp (XRX.N: Quote, Profile, Research, Stock Buzz) and Ricoh Co Ltd (7752.T: Quote, Profile, Research, Stock Buzz) in copiers and printers, have lost 49 percent since the start of the year through Friday, outperforming the Tokyo stock market’s electrical machinery index , which fell 56 percent. (Reporting by Kiyoshi Takenaka; Editing by Lincoln Feast)
Good followup posting.
cr
From Reuters
TOKYO, Oct 27 (Reuters) – Japan’s Canon Inc (7751.T: Quote, Profile, Research, Stock Buzz) posted a 26 percent fall in quarterly operating profit and cut its outlook to below market expectations after the global slowdown sent the yen higher and hit demand for copiers and digital cameras.
Operating profit at Canon, the world’s largest digital camera maker ahead of Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz) and Nikon Corp (7731.T: Quote, Profile, Research, Stock Buzz), came in at 129.3 billion yen ($1.38 billion) in July-September, down from 174.2 billion yen a year earlier.
Growing worries about the global economy have depressed sales of office equipment such as copiers to corporate clients, while cooling consumer sentiment has hit digital camera demand.
For calendar 2008, Canon on Monday cut its operating profit forecast by 25 percent to 580 billion yen, down from 756.67 billion yen a year earlier and compared with a consensus of 693.1 billion yen from 19 analysts polled by Reuters Estimates.
Shares in Canon, which competes with Xerox Corp (XRX.N: Quote, Profile, Research, Stock Buzz) and Ricoh Co Ltd (7752.T: Quote, Profile, Research, Stock Buzz) in copiers and printers, have lost 49 percent since the start of the year through Friday, outperforming the Tokyo stock market’s electrical machinery index , which fell 56 percent. (Reporting by Kiyoshi Takenaka; Editing by Lincoln Feast)
Good followup posting.
cr
From Reuters
TOKYO, Oct 27 (Reuters) – Japan’s Canon Inc (7751.T: Quote, Profile, Research, Stock Buzz) posted a 26 percent fall in quarterly operating profit and cut its outlook to below market expectations after the global slowdown sent the yen higher and hit demand for copiers and digital cameras.
Operating profit at Canon, the world’s largest digital camera maker ahead of Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz) and Nikon Corp (7731.T: Quote, Profile, Research, Stock Buzz), came in at 129.3 billion yen ($1.38 billion) in July-September, down from 174.2 billion yen a year earlier.
Growing worries about the global economy have depressed sales of office equipment such as copiers to corporate clients, while cooling consumer sentiment has hit digital camera demand.
For calendar 2008, Canon on Monday cut its operating profit forecast by 25 percent to 580 billion yen, down from 756.67 billion yen a year earlier and compared with a consensus of 693.1 billion yen from 19 analysts polled by Reuters Estimates.
Shares in Canon, which competes with Xerox Corp (XRX.N: Quote, Profile, Research, Stock Buzz) and Ricoh Co Ltd (7752.T: Quote, Profile, Research, Stock Buzz) in copiers and printers, have lost 49 percent since the start of the year through Friday, outperforming the Tokyo stock market’s electrical machinery index , which fell 56 percent. (Reporting by Kiyoshi Takenaka; Editing by Lincoln Feast)
Good followup posting.
cr
Stolen from 1001 Noisy Cameras
This sales chart is from North America. What I find surprising is where the D90 is placed on the chart. I expected it to be higher.
I spoke with 2 retailers in the last week and both said dSLR sales have been soft in general. There have been a few exceptions, both said the XSi was selling like gangbusters and they’d both sold their expected allotment of 5D2′s. Both stores have D90′s in stock as well as D700′s, neither has ever run out of stock on the cameras. Economics? or is the prosumer market showing signs of saturation?
The death of Canon doesn’t appear to be imminent.
The Chart
cr
You can at least read how to use it!
Canon USA has posted the manual for the 5D Mark II. Be ready, it’s quite the page turner.
Download it here (PDF)
cr
I received another email that Canon does have something like the APS-C
22fps camera in development. However, it may not be a camera that ever
reaches market.
Sent from my iPhone
From NL
Along the lines of the famed Canon medium format project. There may be a new product on the near horizon for landscape and architectural photographers.
Read more at Northlight
cr
Reader submission:
A reader has been questioning Adorama about the availability of the camera, here’s what he told me.
“Gave my order # to the CS agent, she said : “looks like they are scheduled to arrive today. but we have no indication where or not they have arrived. They haven’t been logged into the computer, so I’m not sure if they have arrived or not. Call back tomorrow to see what your order status is.”
So there you have it
Thanks for the info
cr
