Canon pronounces Q3 2012 outcomes: working revenue down forty two % to $908 million

Canon announces Q3 2012 results: operating profit down 42 percent to $908 million

Canon simply launched its Q3 2012 earnings reported, and issues aren’t wanting peachy proper now for the digital camera maker: income is down thirteen % to $10.three billion from final Q3 final yr, whereas revenue tumbled by forty two %. The Japanese firm directed the blame towards the “unfavorable impression of financial deterioration” in Europe and rising markets like China, in addition to the robust yen (once more). DSLR gross sales fell over final yr, with Canon mentioning that its launch of latest fashions just like the EOS 5D Mark III did not assist to shore its digital camera figures up. Different models inside the firm did not fare a lot better, with printer gross sales falling and enterprise-to-enterprise numbers flatlining. The corporate does not see a vibrant fourth quarter both, and is projecting that gross sales will keep in lockstep with the sluggish financial system, leading to a 6 % decline in working revenue for the yr. It might not need to rely a lot on the brand new mirrorless providing pulling it out of the mud, although — it received pretty combined critiques.

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Canon announces Q3 2012 results: operating profit down 42 percent to $908 million

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