Canon Rumors

Canon’s Q3 Operating Profit down 26%

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

Top Selling Cameras. Clearly shows Canon has no clue!

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

B4	Now	Camera Name	Price
1	1	Canon A590 IS	$120 (down $7)
4	2	Canon SD1100 IS blue	$164
3	3	Canon D-Rebel XSi w/18-55 EF-S IS, black [Top DSLR]	$655
5	4	Canon SD790 IS silver	$205 (down $15)
6	5	Canon SD880 IS silver [Top Wide] [Hot]	$267
15	6	Canon G10 [Jump]	$464 (down $24)
2	7	Canon SD1100 silver	$171
NEW	8	Sony A300 w/18-70 DT	$600 (corrected)
7	9	Panasonic FZ28K [Top Hyperzoom] [Top Zoom]	$303
8	10	Panasonic TZ5K	$230 via Vanns
9	11	Canon SX10 IS [Hot]	$373
NEW	12	Kodak C713 pink	$80 (down $10)
14	13	Canon SD1100 pink	$165
RE	14	Nikon D40 w/18-55 DX	$440 (down $16)
23	15	Nikon D90 w/18-105 DX VR [Jump]	$1220
12	16	Sony W120 black	$149
13	17	Panasonic TZ5A	$230 via Vanns
NEW	18	Canon SD880 IS gold [Hot]	$266
17	19	Nikon S550 black	$170
NEW	20	Canon SD990 IS black [Hot]	$368 (down $9)
11	21	Canon SD1100 brown [Drop]	$171
RE	22	Sony H50	$343
16	23	Canon 50D body only [Top Price] [Hot]	$1371 at OneCall (up $36)
RE	24	Canon SX110 IS black	$245
RE	25	Canon SD950 IS	$300 (down $11)

cr

Canon EOS 5D Mark II Manual Posted

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

Canon 1Di or something like it

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

New Canon Product?

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

5D Mark II @ Adorama Today?

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

5D Mark II Video Review

Reader Submission
This is a link to a review of the video capabilities of the camera.

Link To Review

Sent from my iPhone

cr

Canon Rumors an adult site?

Appears so
I’m getting reports by some folks that their companies are blocking this site because it’s a naughty site. It may have been the old flickr link with the “P” word in it.

I’m not sure if I can do anything about it, but I’ll see what’s up. The link is no longer on the site. There could be old posts with the word in it though. I will try to remove the word.

*UPDATE*
The word on the site has been removed. I guess you can tell your admins the site is clean.

cr

Canon Canada discontinues 1Ds Mark III!

Probably not
As pointed out by a reader, Canon Canada is not currently listing the 1Ds Mark III!

Link Here

cr

Canon Canada goes Avril…

…. at least they didn’t go Celine.
So Canon Canada and Avril Lavigne have teamed up to shoot like a star! I’m thinking picking Avril 3-4 years ago would have been better.

http://shootlikeastar.ca

Go there… enter the contest. Win stuff.

cr

EF 24-105 f/4L IS USM II [CR1.5]

Coming?
I don’t think it is, nor I have heard it could be coming. The current one will be getting a big discount in 5D2 kits. The 17-85 has a big discount in kits and it has yet to be replaced so I wouldn’t read into that.

Link Here

cr

More pricedrops coming? [CR3]

Powershot Pricedrops
I’m told we might be getting some more Canon price drops on select Powershot cameras. Some of the new ones may be involved. There could be some aggressive pricing on the SX110 & A2000 IS. Panasonic recently had a price drop on various Lumix cameras.

I’m also told the 40D and 50D could see modest pricedrops in the near future. The Rebels look to be set for the for now.

The EOS-1’s will be seeing significant pricedrops in the new year. They aren’t exactly Christmas gift type cameras. Expect it to happen in January.

cr

Canon USA Instant Lens Rebates

They’re up
Visit the Canon site at http://www.usa.canon.com/consumer/controller?act=PromotionsAct

Instant Savings on Canon Lenses

Save up to $125 on select Canon Lenses with our new Canon Instant Savings Rebate. Purchases eligible for this rebate must be made between October 19, 2008 and January 17, 2009.

cr

1Di & Applications

1Di
Most of you feel that rumor was a tad over the top. I tend to agree, perhaps a [CR1] was more appropriate. Thanks for the comments on it.

It’s amazing that people will spend that much time writing up stuff like that. Kudos to them because it can add to the fun of it all. For the record… I didn’t write it!

Applications

I received about 70 applications for contributing to the site. It was quite overwhelming going through them all. I didn’t know what I was looking for until i found the folks. Thanks for the applications, the process is now closed.

Next up; I’m working out a web site issue too add some different content, and will introduce the new folks this coming week.

If I could ever get my hands on the 18-200 I could also have the 50D review done. I’m hoping for next weekend.

iPhone
I finally got one. It was a hard and rather annoying choice between the iPhone and Blackberry. You can reach my iphone 24/7 at buzz[at]canonrumors[dot]com.

cr