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<p><strong>Profits & Revenue Down
</strong>Canon’s Q3, 2012 results have been announced and the news is horrible. Canon only had revenue of $10.3 billion and an operating profit of $908 million.</p>
<p>What’s at fault? Well, according to Canon: “<em>negative impact of economic deterioration</em>” in China and Europe. As always, the yen was blamed as well.</p>
<p>The fact that DSLR sales fell may have played a role, as well as the printer business and business-to-business numbers falling.</p>
<p>Are things going to get better in Q4? Not likely, so they may not make a billion dollars a quarter until 2013 when the EF 200-400 f/4L IS 1.4x is on the market at $10,000 a pop.</p>
<p>Source: [<a href="http://www.engadget.com/2012/10/25/canon-announces-q3-2012-results-operating-profit-drops-by-42-pe/" target="_blank">EG</a>]</p>
<p><strong><span style="color: #ff0000;">c</span>r</strong></p>
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