Canon Annual Financials for 2024

[Richard CR]

Canon released their financials for the fiscal year of 2024, and from an imaging and overall company outlook, Canon looks to be doing strong. All indicators are good. Canon is not doomed.

Canon Annual Financials for 2024

Canon released their financials for the fiscal year of 2024, and from an imaging and overall company outlook, Canon looks to be doing strong. All indicators ar

www.canonrumors.com

 

[lglass12189]

So i t seems that...

Canon is Groomed for success

vs

Doomed to failure

 

[Del Paso]

Bad news for all the paid influencer-"experts"...
And good news for Canon.

 

[Skux]

Nice to see them actually acknowledge the demand for the G7X III, I don't know how many they're making but they're perpetually sold out here

 

[P-visie]

@Richard CR: Canon mentions good sales of the “entry models R50 and R100” in the “Results by segment” part of the FY2024 Financials document.

 

[Kharan]

Boo, we want to see that Canon is doomed, not the opposite!

 

[Billybob]

Canon is Doomed!

Only the release of a 700mm f/6.3 DO lens (or a 300-600mm f/5-6.3 DO) for less than $9000 could possibly breathe life into the barely hanging on carcass known as Canon.

(Actually, I have no idea about Canon's prospects, but I really want that lens!!).

 

[David - Sydney]

The only problem is that Canon missed their full year forecasts for all of the imaging numbers.
That could be because of delays getting the R5ii/R1 into people's hands or perhaps another product was delayed from 2024 to 2025.
It is good that they are still forecasting growth for 2025

 

[David - Sydney]

I wonder if the new sale of the lithography/etc machines are going into China.... Canon may be able work around the ASML limitations especially if Canon can get <5nm.

There would be a lot of new revenue that way but I am sure that someone (who shall not be named) would have something to say about it! Maybe a US company could buy Canon as it is only valued at USD43B.

 

[P-visie]

I wonder if the new sale of the lithography/etc machines are going into China.... Canon may be able work around the ASML limitations especially if Canon can get <5nm.

There would be a lot of new revenue that way but I am sure that someone (who shall not be named) would have something to say about it! Maybe a US company could buy Canon as it is only valued at USD43B.

The agreement to limit the sale of the high resolution machines for chip manufacturing to China that was instigated by the US, includes Japan (Canon, Nikon) and the Netherlands (ASML).

 

[f2_productions]

To handle all this increased demand, Cnaon is building a new production plant expected to be completed by June of this year.

I just noticed a little typo.

In general I liked this report, though I am a bit concerned they are not talking about APS-C cameras.

 

[David - Sydney]

The agreement to limit the sale of the high resolution machines for chip manufacturing to China that was instigated by the US, includes Japan (Canon, Nikon) and the Netherlands (ASML).

I understood the situation for the US/ASML/TMSC/Intel... didn't realise that it included Japan though.

 

[P-visie]

I understood the situation for the US/ASML/TMSC/Intel... didn't realise that it included Japan though.

You’ll find lots of references if you google “us japan netherlands semiconductor agreement” (or use similar terms).

Reuters: https://www.reuters.com/technology/...eal-curb-chipmaking-exports-china-2023-02-01/

 

[Richard CR]

@Richard CR: Canon mentions good sales of the “entry models R50 and R100” in the “Results by segment” part of the FY2024 Financials document.

obviously fake news.

 

[P-visie]

obviously fake news.

Yes, Canon keeps applying for 28mm lens patents to annoy @Canon Rumors and announcing goods sales of the R100 to annoy you .

 

[Sporgon]

I love the way Canon omitted the AA filter from their budget R100 to prove the point that a decent digital camera should have one.

 

[Richard CR]

Yes, Canon keeps applying for 28mm lens patents to annoy @Canon Rumors and announcing goods sales of the R100 to annoy you .

you forgot trolling me with AF tilt shift lens patent applications as well.

 

[Swissbob]

BTW what happened with the AF T/S?

I would rather prefer a 200-500/4 with 1.4TC, If they want me to spend bigger amounts of Money for their stuff.

 

[Richard CR]

BTW what happened with the AF T/S?

I would rather prefer a 200-500/4 with 1.4TC, If they want me to spend bigger amounts of Money for their stuff.

there's alot of moving parts to it (pun not intended)

The lens design is completely unique, and it requires a literal crap ton of firmware development on the cameras.

 

[P-visie]

you forgot trolling me with AF tilt shift lens patent applications as well.

Sorry, I also forgot Canon using more obtuse and opaque terminology, like “paraxial image height” in patent applications.