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Canon Q1 2017 Results: Canon Raises Annual Profit Outlook

Canon Q1 2017 Results: Canon Raises Annual Profit Outlook

By Canon Rumors | April 26, 2017 | Canon Business General

From Reuters:

Japan’s Canon Inc on Wednesday lifted its full-year operating profit forecast after reporting strong first-quarter results on the back of earnings from a medical equipment unit it bought from Toshiba Corp last year.

The camera and printer maker forecast profit of 270 billion yen ($2.43 billion), up from 255 billion yen estimated in January. It reported profit of 228.9 billion in the previous twelve months.

The upbeat outlook suggests Canon’s strategy to diversify has begun to reward the company after the $5.8 billion acquisition of the Toshiba unit and the $2.8 billion takeover of Swedish video-surveillance firm Axis AB.

Canon also said the two existing businesses that have long dragged its earnings – laser printers and cameras – are also showing signs of bottoming out.

A recovery in the Chinese and other emerging economies is pushing up demand for laser printers, while continued popularity of so-called mirrorless cameras is driving camera sales, Executive Vice President and Chief Financial Officer Toshizo Tanaka said at an earnings briefing.

For the January-March quarter, Canon said operating profit jumped 88.8 percent to 75.67 billion yen from 40.09 billion yen a year earlier. Read the full story

Sony a9 Mirrorless Camera Now Available for Preorder

Sony a9 Mirrorless Camera Now Available for Preorder

By Canon Rumors | April 21, 2017 | Third Party Cameras

You can now preorder the brand new Sony a9 mirrorless camera. Shipping is expected to happen closer to the end of May.

Lots of Canon shooters tend to use Sony’s full frame mirrorless cameras as part of their kit and that will probably continue with the a9.

Preorder the Sony a9 Mirrorless Camera at B&H Photo

Canon Product Advisory: EOS C300 Mark II/EOS C300 Mark II PL Malfunction with VPG130 CFast Card

Canon Product Advisory: EOS C300 Mark II/EOS C300 Mark II PL Malfunction with VPG130 CFast Card

By Canon Rumors | April 20, 2017 | Canon Firmware

Workaround for Malfunction During Use of VPG130 CFast Card

For EOS C300 Mark II/EOS C300 Mark II PL Digital Cinema Cameras equipped with firmware Version 1.0.6.1.00, we have confirmed a phenomenon in which, depending upon the usage conditions, the camera freezes when a VPG 130 CFast card is used simultaneously with a non VPG130 CFast card.

We are currently making preparations to correct this phenomenon with the release of a firmware update in mid-May. In the meantime, please use the method described in the workaround below.

We sincerely apologize for the inconvenience caused to customers, and we ask for your ongoing patience.

Read more…

Canon Announces the COMPACT-SERVO 70-200mm Telephoto Zoom Lens

Canon Announces the COMPACT-SERVO 70-200mm Telephoto Zoom Lens

By Canon Rumors | April 20, 2017 | Cinema EOS News

New Lens Features 4K Optical Performance, Servo Drive Unit, Image Stabilization, Autofocus and Auto Iris Functions*, Ideal for ENG, Documentary, and Budding Filmmakers

MELVILLE, N.Y., April 20, 2017 – Canon U.S.A., Inc., a leader in digital imaging solutions, is proud to announce today the new COMPACT-SERVO 70-200mm Telephoto Zoom Lens (model name CN-E 70-200mm T4.4 L IS KAS S), a compact and lightweight 4K lens constructed for users that demand versatility and portability. A bridge between traditional Canon EF lenses and CN-E cinema lenses, the COMPACT-SERVO 70-200mm can be ideal for filmmakers and documentary shooters who want the control and quality of cinema optics with the lightweight, compact design and features of Canon’s EF lenses.

The second in a new class of Canon lenses, the COMPACT-SERVO 70-200mm Telephoto Zoom Lens is a cinema-style lens that includes a servo drive unit as a standard feature. Additionally, the lens incorporates Image Stabilization, Autofocus, and Auto Iris functionality*, three extremely useful features not commonly found in cinema lenses, but are popular in EF lenses. The lens also provides high image quality that supports 4K image productions and was designed to be utilized in a variety of shooting styles including, hand-held, shoulder mounted, and tripod mounted.

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