Sales & profits are up at Canon
Oct 26, 2023 16:33:04 #
Yep, the global #1 camera company continues to grow, as announced in their 3Q2023 financial reporting. The camera (Imaging) division is just part of the larger corporate report. Highlights:
The interchangeable lens camera market remains solid, with new products from each company stimulating demand. As a result, we expect the market to be 5.85 million units this year, which is slightly larger than last year.
In the third quarter, our sales of new products such as the EOS R6 Mark II, which was launched late last year, and the EOS R50 and EOS R100, the first entry level models of our EOS R series, which were released in the first half of the fiscal year, increased steadily, and overall unit sales were almost at the same level as last year.
To meet the diverse needs of camera users and to attract new users, we have expanded our mirrorless camera lineup from full-frame to entry-level models. As for interchangeable lenses, we have already added 5 lenses this year and have increased the number of lenses to 38 so far. As a result, we are steadily increasing our share of the mirrorless market through synergy between the camera bodies and lenses.
As the market has recovered to a state where there is enough supply to meet demand, all competitors are gradually increasing sales investments. As a result, in the fourth quarter, which is the year-end selling season, we will increase sales volume with appropriate promotions and aim for 2.9 million units this year.
The interchangeable lens camera market remains solid, with new products from each company stimulating demand. As a result, we expect the market to be 5.85 million units this year, which is slightly larger than last year.
In the third quarter, our sales of new products such as the EOS R6 Mark II, which was launched late last year, and the EOS R50 and EOS R100, the first entry level models of our EOS R series, which were released in the first half of the fiscal year, increased steadily, and overall unit sales were almost at the same level as last year.
To meet the diverse needs of camera users and to attract new users, we have expanded our mirrorless camera lineup from full-frame to entry-level models. As for interchangeable lenses, we have already added 5 lenses this year and have increased the number of lenses to 38 so far. As a result, we are steadily increasing our share of the mirrorless market through synergy between the camera bodies and lenses.
As the market has recovered to a state where there is enough supply to meet demand, all competitors are gradually increasing sales investments. As a result, in the fourth quarter, which is the year-end selling season, we will increase sales volume with appropriate promotions and aim for 2.9 million units this year.
Oct 26, 2023 16:37:22 #
source - https://global.canon/en/ir/index.html - see "Investor Relations", latest documents, Canon Inc, Third Quarter 2023 reports (PDF), page 7 of 23.
Oct 26, 2023 17:22:31 #
CHG_CANON wrote:
Yep, the global #1 camera company continues to gro... (show quote)
Yeah. But what about the REAL camera maker???
Oct 26, 2023 18:01:15 #
therwol
Loc: USA
Retired CPO wrote:
Yeah. But what about the REAL camera maker???
I guess I own two fake cameras.
Oct 26, 2023 18:05:59 #
From the global #1, already north of 40% of the market in all types of interchangeable lens cameras, the competition should take note: we are steadily increasing our share of the mirrorless market through synergy between the camera bodies and lenses.
Already, the buzz over the newest R1 flagship model has risen well over just a low 'drone' of background noise. As the Olympics near, that buzz will begin to roar.
Already, the buzz over the newest R1 flagship model has risen well over just a low 'drone' of background noise. As the Olympics near, that buzz will begin to roar.
Oct 26, 2023 18:25:02 #
And Canon still make most of its interchangeable lens cameras in Japan. That proves you don't have to outsource to other countries with cheap labor to profit.
Oct 26, 2023 21:42:30 #
therwol wrote:
I guess I own two fake cameras.
Well, I don't know!? But if you're ambivalent about what you have, I could give you a push in the right direction! I own four of them! Mirrors and all.
Oct 26, 2023 21:50:23 #
CHG_CANON wrote:
Yep, the global #1 camera company continues to gro... (show quote)
I'm sticking with Fujifilm....the elite brand
Oct 26, 2023 21:53:26 #
Photography is like getting married. One should never commit oneself until you've shot with Canon.
Oct 26, 2023 23:32:45 #
CHG_CANON wrote:
Photography is like getting married. One should never commit oneself until you've shot with Canon.
*gags*
Oct 27, 2023 00:01:54 #
Orphoto
Loc: Oregon
CHG_CANON wrote:
Photography is like getting married. One should never commit oneself until you've shot with Canon.
Thats what she said.
Oct 27, 2023 07:15:43 #
CHG_CANON wrote:
One should never commit oneself until you've shot with Canon.
I have. Two fine cameras {I may have taken more photos with the first than with any other camera} and two that ended up in the dump before their time, driving me back to Pentax, and I’ve sold off {dumped the non-working things} all my Canon ‘stuff’ now.
Oct 27, 2023 07:36:31 #
CHG_CANON wrote:
Photography is like getting married. One should never commit oneself until you've shot with Canon.
I have shot Nikon, Minolta, Pentax, Olympus, Sony but never a Canon although I do own 5 of them.
Oct 27, 2023 10:58:45 #
azted
Loc: Las Vegas, NV.
CHG_CANON wrote:
Photography is like getting married. One should never commit oneself until you've shot with Canon.
Just how much stock do you own in Canon?
Oct 27, 2023 11:13:20 #
Older and wiser voices can help you find the right camera brand, especially when you are willing to listen to those who shoot Canon.
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