Continue reading...Canon released their Q2 financials this week, and things are a bit of a mixed bag for the company. There have been a lot of external forces at play in the USA, China and Europe and that has affected Canon’s profitability.
Canon breaks down their camera business in Q2:
Looking at interchangeable-lens cameras, in addition to market contraction centered on entry-class DSLRs, in 2018 we launched three new products that led to a high level of sales in the second quarter of last year. As a result, unit sales for the second quarter this year were down 22% to 1.08 million.
Against this backdrop, we successively launched strategic full-frame models into the mirrorless camera market from the second half of last year. The introduction of a high-end model, further heightened our presence in the market and at the same time had a positive impact on overall sales of our mirrorless cameras.
On the other hand, in the full-frame category of the market where price competition is increasing, as...