Nikon may have had a good week but Canon won't let Nikon overtake them in the Global scene.
Just today July 9, 2010 it was reported in Reuters that Canon's profit is likely to jump
3x for the first 6 months of 2010. Check out the full article
(Reuters) - Japan's Canon Inc is likely to post a near three-fold jump in its group operating profit for the January-June period, boosted by better-than-expected sales of digital single-lens reflex cameras and laser printers, the Nikkei business daily reported.
The digital camera and office equipment maker's group operating profit for the first half is expected to be up 180 percent at about 182 billion yen ($2.07 billion), the daily said.
Full-year sales are seen up 15 percent at around 1.7 trillion yen, helped by brisk demand for entry-level digital SLR cameras and strong sales in China, the daily said.
Renewed spending on information technology by clients helped the office equipment division, which struggled a year earlier, it said.
Canon's gross profit margin likely returned to levels from before the financial crisis, the daily said.
For the full year ending in December, sales are forecast to rise 17 percent to about 3.75 trillion yen, with operating profit predicted to surge 66 percent to about 360 billion yen, the daily said.
Canon, which uses U.S. accounting standards, aims to absorb the blow of a weak euro through cost cuts and increased sales of highly profitable products, such as digital cameras, Nikkei said.
There are signs of a recovery in photolithography devices amid strong demand from LCD panel makers in China, the daily said. ($1=87.75 Yen)
(Reporting by Shailesh Kuber in Bangalore; Editing by Gopakumar Warrier)
In another news (source), it was reported last July 6 that Canon showed their "future camera" in the Shanghai World Expo 2010. It looks like the old Canon Photura that came out sometime during the 90's only more futuristic in looks. The camera can shoot macro and zoom up to 500mm, so say goodbye to your expensive lenses. The camera only shoots in video mode and photographers will have to splice the video into a single frame to create a photo. The camera also promises all sharp photos because of its advance image stabilizer system. For details check this video
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| wonder camera |
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| old canon photura |
Finally, Canon must be very proud to be used by other imaging companies for their promos. It was reported last July 8 that Canon 5D Mark II was used to shoot photos for Sony's line of Cybershot cameras. Just last week Panasonic uploaded a video of their behind the scene commercial shoot that showed Canon cameras shooting the video, apparently the video was pulled out by Panasonic from Youtube. Sony on the other hand did not show the video but the Exif data reveals that shots were taken by Canon. Check the image below. Source.
