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Compact camera and laser printers lower sales decline Canon’s profit in Q3

summary-of-resultsCanon must not be happy with their own financial result for Quarter 3 that shows how their profits and sales completely down. The one who is widely known as the imaging leader fell due to lower sales of compact cameras and laser printers, about 50% decline in the compact camera sales.

“The world’s biggest maker of cameras and printers also lowered its operating profit forecast for the year through December to 235 billion yen from a 265 billion yen estimate in July. ($1 = 104.2700 yen)”

“Sales and profit decline, mainly due to yen’s appreciation and lower sales of laser printers”
 

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