Canon Reports 23 Decline In Camera Sales And 81 Drop In Imaging Division Operating Profit
Canon has previously predicted a 50% drop in camera sales over the next two years, and it seems that they might be right according to their latest financial report from Q1 2019. According to the report, they’re already seeing a 23% decline in camera sales from last year, with an 81% drop in operating profit vs Q1 2018. The report notes that unit sales are down much faster than expected, with entry-level DSLR sales falling rapidly along with an economic slowdown in China....