Continue reading...Canon has released their Third Quarter 2020 financials, and as one could have guessed COVID-19 continues to be a big challenge for the market.
Canon did have a bit of good news, as they have raised their full-year projecting for ILC’s by 500,000 units to 5.9million for 2020. The Canon EOS R5 and EOS R6 have been excellent sellers according to Canon, even with the manufacturing challenges.
Imaging System – Cameras:
As for camera demand, amid ongoing market contraction, we expect a significant drop in demand due to COVID-19 this year. However, in the third quarter, the camera market was stronger than expected thanks to a gradual increase in image capturing opportunities as people became more active. Taking this into account, we raised our full-year projection for the interchangeable-lens camera market by 0.5...