Digital Camera News
Canon Outperforms Expectations Due to Digital Camera Sales and Weak Yen
December 13, 2005 – Canon, the world’s top manufacturer of cameras, copiers and laser printers, has outperformed its own yearly net profit expectations by reaching $3.26 billion dollars. This is a 14 percent jump from last year and puts Canon in the top ten publicly traded Japanese companies.
In addition to the benefits of a weaker yen, Canon attributes much of their success to digital camera sales. Sales of digital cameras have risen more than 20 percent adding up to a total of 17 million units sold. Canon was also strong in chip-making equipment, climbing up 8 percent from last year.
This is the sixth consecutive year of record earnings for Canon.
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