Preliminary information about Canon's upcoming financial announcement indicate that profits will double for the first quarter of this year.
As I've noted before, Canon has invested heavily in Surveillance and Medical imaging, and its paying off. Camera sales in Asia are also strong. The surveillance and medical imaging fields are growth industries with much larger profits than the camera business. Canon's Image helps them to make sales in those areas, and they have bought into the best companies in the business.
Even though the big profit is not from camera sales, canon is not abandoning cameras, they remain a imaging company. Having the financial resources to invest in imaging R&D will benefit new cameras in the future.
"TOKYO -- Canon probably saw its group operating profit roughly double on the year in the January-March quarter to about 80 billion yen ($733 million), thanks to successful acquisitions and strong overseas sales of cameras and printers."Sales apparently grew 20% to just over 950 billion yen. Official quarterly results are due out Wednesday.
http://asia.nikkei.com/Markets/Tokyo-Market/Canon-s-profit-likely-doubled-on-Toshiba-unit-purchase
As I've noted before, Canon has invested heavily in Surveillance and Medical imaging, and its paying off. Camera sales in Asia are also strong. The surveillance and medical imaging fields are growth industries with much larger profits than the camera business. Canon's Image helps them to make sales in those areas, and they have bought into the best companies in the business.
Even though the big profit is not from camera sales, canon is not abandoning cameras, they remain a imaging company. Having the financial resources to invest in imaging R&D will benefit new cameras in the future.
"TOKYO -- Canon probably saw its group operating profit roughly double on the year in the January-March quarter to about 80 billion yen ($733 million), thanks to successful acquisitions and strong overseas sales of cameras and printers."Sales apparently grew 20% to just over 950 billion yen. Official quarterly results are due out Wednesday.
http://asia.nikkei.com/Markets/Tokyo-Market/Canon-s-profit-likely-doubled-on-Toshiba-unit-purchase