Search
× Search

News

Canon releases interim financial report
CanonNews
/ Categories: News, Canon Financial News
This post may contain affiliate links(s). An affiliate link means I may earn advertising/referral fees if you make a purchase through my link, without any additional cost to you. It helps to keep this site afloat. Thank you in advance for your support. If you like what we do here, maybe buy me a coffee.

Canon releases interim financial report

Canon released an interim financial report and Canon right now seems to be facing a perfect storm of conditions across multiple business lines.

Out of the four major business units, 3 of them report fewer sales than the first 6 months of the prior year, with the exception of Medical Systems, however, even there the growth was modest and certainly not able to make up for the losses in the other business units.

More for our focus is the Imaging Department which posted a loss of sales of 17.8% from a year ago.  Canon mentions that KISS M (or the Canon M50 sales) remain strong, but significant problems with the inkjet side of the imaging department helped contribute to the significant downturn in sales for the first half of the year.

I'm sure in a few websites, the narrative will be "full frame mirrorless" however, let's be realistic here, full frame makes up a small segment of the market for Canon who controls around 50% of the market.  Forces such as the slowing down of China and Europe economies and the ongoing trade war between the US and China certainly hasn't helped.

It will be intriguing to see how this year and next year plays out.

Read the full report here

Previous Article Canon Patent Application: Dual Pixel APD sensor
Next Article Specifications and Prices for the RF 24-70 and RF 15-35 leak
Print
blog comments powered by Disqus

Keep In Touch

FacebookTwitterLinkedIn

Our Sponsors

Want to buy me a coffee?

Free Shipping to the USA and Canada*

Use CANONNEWS for $10 off AuroraHDR

Use CANONNEWS for $10 off Luminar

*Conditions may apply

 

Terms Of UsePrivacy Statement© 2021 by CanonNews. This site is not affiliated with Canon Inc. or it's subsidiaries.
Back To Top