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By admin, on April 24th, 2020
Due to the recent global pandemic, the overall sales of the camera are going down. In the financial Recent report published by Canon for A1 of 2020. Canon operating profits from the imaging branch are down 80%.
From Canon
The global spread of COVID-19 is casting a long shadow over people’s lives and as a result is having an enormous impact on economic activity and changing the face of the world economy. This is also the view of the IMF, who significantly downgraded its 2020 GDP growth projection from 3.3% back in January to -3.0%. This makes the global economy this year the worst since the Great Depression.
Looking back at the first quarter, the impact of COVID-19 first appeared with the suspension of operations at our production sites in China for both office equipment and cameras. Next, due to supply-chain disruptions, we could not avoid a decline in factory utilization rates in Asia, including Japan. As a result, we faced a situation of tight product supply. On the other hand, the impact on the market was initially limited to only some regions, like China, but expanded to other regions, including Europe and the U.S. This put a stop to global economic activity which had a significant impact on our product sales.
Well, Canon recently announced the Canon EOS R5 video specs which look very interesting. And for sure it will attract a large number of cinematographers and still shooters towards R5 from different brands.
We will update you soon as we get any new information related to the upcoming cameras.
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source
By admin, on July 18th, 2019
Canon Profit down this year too for the fiscal year ending December 2019. Approx 40% down from the previous year.
Canon’s operating profit is on track to sink 40% this year to slightly over 200 billion yen ($1.85 billion), Nikkei has learned, amid a slowing European economy and slumping chip market.
The shrinking camera market continues to hurt Canon. Deliveries of digital cameras worldwide tumbled 24% on the year during the first five months of 2019, according to the Camera & Imaging Products Association, based in Tokyo. Sales of Canon’s single-lens reflex camera, a high-margin product, have declined in China and elsewhere.
For the second half, the company aims to expand revenue by rolling out new offerings such as additional lenses for the popular mirrorless cameras.
Canon Profit Going Down Even in 2019
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via – asia.nikkei.com
By admin, on July 28th, 2015
According to article published in Reuters, due to the less sales of Compact digital camera Canon reported a 16% fall in quarterly profit.
According to a post published on Feb 24, 2014, the sales volume of under $200 camera is less than 20% of total sales of Canon digital Cameras, Compact camera sales are all time down and not generating profit after the arrival of smartphones.
Earlier we have published that Canon profit down, earning less than billion.
On Monday Canon said that 2nd quarter fell to 68 billion yen ($552 million) compared with 81 billion yen a year earlier.
Keep in mind the new is not new, we have published a lot of information earlier related to Canon quarterly profit and loss report, see here and here.
source Reuters
By admin, on October 29th, 2014
 Canon Profit Down Again – according to the Q3 2014 Financial Results published by Canon,
Why the sales graph are is going down from past three years, the main reason behind this is the compact sales is down due to introduction of advance camera modules in smartphones and DSLRs sales are down die ti the advance mirrorless cameras by M4/3 group of companies and Sony the overall sales of Canon and as well as Nikon
PDF Link below
By admin, on August 3rd, 2014
A Report published at Bloomberg says that Canon cutting their annual sales forecast by 2.1%. According to experts the sales is down due the introduction of high quality smartphones that totally dumped the compact camera sales.
If we look at the stats, Canon sold a total of 2.3 million powershot compact cameras in the second quarter, a 36% decrease compared to the sales of previous year. The sales of also DSLR dcreased from 2.1 million to 1.7 million due to the increase in mirrorless sales.
Earlier Canon posted a better than expected quarterly profit was due to increase in the sales of office equipment (Fax machine, printers etc.,), and it’s clearly not a good sign for Camera giants like Canon.
The most important thing – According top CIPA the worldwide sales of digital camera declined about 35 percent compared to the sales of previous year.
New camera FB fans already shared their thoughts and suggestion here at FB, you can also share your thought at the comment box below…
source – Bloomberg
By admin, on October 27th, 2012
 Canon just released its Q3 2012 earnings report with a operating profit of $908 million only, Its not a good news and the problem is Canon cannot blame directly DxOMark sensor score for the less DSLRs sales, see what Canon said about the result
Within the Imaging System Business Unit, despite efforts to achieve sales growth with the competitively priced EOS Digital Rebel series along with the EOS 5D Mark III and EOS 60D advanced-amateur models, sales volumes of interchangeable-lens digital cameras decreased from the year-ago period due to a delayed new-product launch. As for compact digital cameras, while highly functional PowerShot-series models contributed to healthy sales, unit sales for the third quarter declined from the corresponding period of the previous year due to sluggish market demand
Canon’s outlook for the next quarter:
Demand for interchangeable-lens digital cameras is expected to continue increasing across most regions, although prospects remain uncertain in some areas. Demand for compact digital cameras is anticipated to increase for models offering high functionality and high added value.
By admin, on July 29th, 2019
Bad news, Canon net sales are down 18.5%, profit is down 64.05% compared to Q2/2018. Canon 2019 Q2 financial results is even worse than of 2018. I personally think they should rethink on DSLR cannibalization policy they have opted back on 2018. They should give whatever they have to users.
Some quotes from Canon’s presentation:
In Imaging System, we expect sales and profit of interchangeable-lens cameras to decline, due to the continued impact of mainly entry-class DSLR market contraction. However, in the area of mirrorless cameras, where we are focusing our energy, the effects of expanding our lineup will continue to lead to sales growth.
Within the Imaging System Business Unit, although the market of interchangeable lens digital cameras continued to shrink, for mirrorless cameras, unit sales were strong owing to the successive introduction of new models equipped with full-frame sensors after the second half of the previous year, which served to increase the company’s presence in the market. For inkjet printers, although Canon has been working to increase sales by expanding its lineup of refillable ink tank models and through the development of business inkjet MFDs, unit sales decreased overall compared with the same period of the previous year mainly due to the shrinking market. As a result, sales for the business unit decreased by 18.5% to ¥204.7 billion year on year, while income before income taxes decreased by 63.7% year on year to ¥13.4 billion. Sales for the combined first six months of the year totaled ¥381.0 billion, a year-on-year decrease of 17.8%, while income before income taxes totaled ¥18.4 billion, a year-on-year decrease of 71.0%.
Looking at interchangeable-lens cameras, in addition to market contraction centered on entry-class DSLRs, in 2018 we launched three new products that led to a high level of sales in the second quarter of last year. As a result, unit sales for the second quarter this year were down 22% to 1.08 million.
Against this backdrop, we successively launched strategic full-frame models into the mirrorless camera market from the second half of last year. The introduction of a high-end model, further heightened our presence in the market and at the same time had a positive impact on overall sales of our mirrorless cameras.
On the other hand, in the full-frame category of the market where price competition is increasing, as a result of prioritizing profitability, unit sales were below our target. However, for interchangeable-lens cameras overall, our unit sales were in line with our plan. As a result, we retained our full-year projection for unit sales. In terms of revenue, we did lower our projection to reflect a change in product mix to our plan. However, in the second half of the year we will stimulate sales through the launch of new lenses.
Specifically, we will enhance our lineup launching 5 new lenses for mirrorless cameras. Through kit sales that leverage our broad range of mirrorless camera lenses and by bundling cameras with accessories like our lens adapter that makes it possible to use our existing rich lens lineup we will promote further expansion of mirrorless camera sales.
In addition, we will further strengthen our efforts to generate user interest in our mirrorless cameras. As a large percentage of high-end models purchases involve the customer actually handling the model and trying it out before buying, in major cities in Japan and other markets, we will create even more touch points for users, proactively expanding opportunities to actually experience our products.
Additionally, for professional photographers, we will foster trust in our products, offering, among others, enhanced support at international sports events.
Through these measures, we will further raise our presence in the market for high-end models, which will also have a rippling effect on more volume oriented cameras and subsequently link this to a further boost in sales.
As for compact cameras, sales were in line with our plan. As such, we maintain our full-year unit sales projection. Through the launch of new products, we will raise the proportion of sales attributable to premium G series models and link this to improved profitability.
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