Continue reading...Canon has released their final financial results for 2018. Sales were down year over year, but Canon managed to increase profits while dealing with declining sales in 2018.
Canon’s thoughts on the imaging industry in 2018:
The 2018 interchangeable-lens camera market was impacted by restrained purchasing of advanced amateur models, prior to the launch of new full-frame mirrorless cameras by each manufacturer, and the further contraction of the DSLR market, mainly due to lower sales of entry-class models. As a result, the overall interchangeable-lens camera market continued to shrink. Even under these conditions, sales of mirrorless cameras—with their lightweight, compact body designs—continued to grow. This reflects improvements in mirrorless camera performance in such areas as autofocus, which is now comparable to that of DSLRs.
Against this backdrop, we are framing this year as one in which we take measure that...