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Canon Q1 2016 operating profit touching ground

summaryCanon released the financial report of its profit for Q1 2016, which showed the downfall of 39% in operating profits, which is definitely shocking information for Canon who is the world’s biggest manufacturer of printers and cameras.

The reason behind such huge margin in its fall in profit is due to the less demand of office equipment and also supported by the lesser sale of its compact digital camera globally.

Since Canon has targeted its full-year operating profit of 300 billion yen, which will be lower than its previous expected target of 360 billion yen.

To make more profits it has taken decision to buy Toshiba Corp’s medical equipment unit for 665.5 billion yen last month, which was followed by the deal purchase 85 percent of Swedish video surveillance firm Axis AB.

 

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1 comment to Canon Q1 2016 operating profit touching ground

  • Robert Seaton

    Just don’t say your going to put out replacement models and then take years to do so. Try to keep up to the competition or customer will switch. Personally I’m locked in with all of my L lenses. EX: Canon 5D Mark IV which I have patiently waiting for. Now maybe Sep/Oct?

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