Canon’s profit likely to slide 40% on European slowdown

unfocused

EOS-1D X Mark III
Jul 20, 2010
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...Inventory levels are up sharply due to slow DSLR sales (an increase of 20% in terms of days sales). This suggests additional discounts on DSLR cameras as they try to work down the excess...
The rise in inventory levels may be particularly concerning for Canon since many of their DSLR models are coming due for a refresh. I'm guessing we will see some good buys at the lower end of the DSLR line in the coming months and probably a round of printer rebates.