Canon has released 2012 Financial results. The presentation material PDF provides a graphical summary.
For digging deep, the Financial Results for FY 2012 PDF is provided.
From Reuters:
Japan's Canon reports Q4 operating profit down 17.9 percent
TOKYO - Japan's Canon Inc posted a 17.9 percent drop in quarterly operating profit on Wednesday, hurt by a strong yen and weaker demand for compact cameras as consumers switched to smartphones.
Canon says sales in China down more than 30 percent in 2012
TOKYO - Canon Inc said on Wednesday that its sales in China fell more than 30 percent in the year to December 2012, more than it had expected, due to a slowdown in that country and a territorial dispute between Tokyo and Beijing.
Canon forecasts 7.1 pct drop in 2013 compact camera sales
TOKYO, Jan 30 - Japan's Canon Inc said on Wednesday it expected to sell 17 million compact cameras in the current business year ending in December, versus 18.3 million in 2012.
Correct - similar things happened to Nikon. Unfortunately there is no breakdown for the DSLR camera business only (and with even more details in there which cameras sold well and which were below expectations ). Those data likely will never get published.
Sales for imaging systems in 2012 increased by 7.2% over 2011, and for digital cameras, there is an increase of 6.8% in sales.
I am amused Reuters headlines only emphasized the negative stuff and failed to highlight the positive results. I suppose negative news attracts more attention.
Sales for imaging systems in 2012 increased by 7.2% over 2011, and for digital cameras, there is an increase of 6.8% in sales.
I am amused Reuters headlines only emphasized the negative stuff and failed to highlight the positive results. I suppose negative news attracts more attention.
Reuters probably thought Canon overcharged for the 1DX and super teles last Olympics.
Unless you are a stock holder...why does anyone care? As long as they keep generating cameras and lens...I don't really care about their financial statements.
Given how fast both Nikon and Canon are racking up the millions of lenses being produced I think they can still be confident that the DSLR market is a growing one.
Beni wrote:
Given how fast both Nikon and Canon are racking up the millions of lenses being produced I think they can still be confident that the DSLR market is a growing one.
But perhaps not growing as fast as the compact camera market is shrinking, which is a problem for camera companies with no presence in the mobile phone market.
Hard to believe why Canon missed the smart phone band wagon when it had the resources to make one. For the same reason why Nokia, Sony and other notables are failing.
The report is interesting, yes the was a two digit drop in total profits, but hidden in the details is that DSLR sales were 30 percent higher...here's an article that notes this little tidbit.
In 2011, they sold 7.2 million interchangeable lens cameras, according to Reuters. Although they miss their target of 9.2 million for 2012, the final figure of 8.2 million is still a clear improvement.
StillFingerz wrote:
The report is interesting, yes the was a two digit drop in total profits, but hidden in the details is that DSLR sales were 30 percent higher...here's an article that notes this little tidbit.
The figure of 30% percent improvement applies only to the Indian market. This makes up for their losses in China (due to territorial dispute).
abqnmusa wrote:
phonez & Ipadz are replacing compact cameras as low end photo devices
no doubt sales will be down for compacts
Thankfully. Perhaps now they'll concentrate so much on 'real' cameras as the above report suggests that we'll see some great tech from Canon in a few years.
chez wrote:
Unless you are a stock holder...why does anyone care? As long as they keep generating cameras and lens...I don't really care about their financial statements.
I do, as I work for them and they are about to undertake "ruthless cost cutting" in the words of the CEO Mr Mitarai.
Pixel Perfect wrote:
I do, as I work for them and they are about to undertake "ruthless cost cutting" in the words of the CEO Mr Mitarai.
Wow, shareholders love to hear that word "ruthless".
However, they also need to start increasing their revenues, such as by increasing prices of their DSLR gears, as those prices are much lower than their competitors'. The prime examples are: Sony 500mm f/4 and Nikon 800mm f/5.6 lenses.
). Those data likely will never get published. 