Canon's profits take fall....

Discussion in 'Canon' started by Richard, Jul 25, 2008.

  1. Richard

    Richard Guest

    .....All the king's horses....and all the king's men...

    It's the price of oil, and raw materials...and not keeping up with Nikon.

    from amateurphotography.com

    Canon reports 13% dip in profits
    a..
    a..
    Thursday 24th July 2008
    Chris Cheesman Soaring costs of raw materials and oil, lower economic
    confidence and a stronger Japanese Yen caused Canon's quarterly net income
    to fall 13%, the firm said today.

    Canon's net income fell to ¥107,841 million in the second quarter of 2008,
    compared to a figure of ¥123,933m for the same three months the year before.

    Sales for the period dropped 1.9%, compared to 2007.

    Figures for the first half of 2008 show that net income dropped around 16%
    compared to the first six months of last year.

    Though Canon notched up a 16% jump in the number of digital cameras sold for
    the six months to 30 June, in value terms sales rose by just 1.9%. Canon
    attributed this to 'dramatic appreciation of the Yen against the US dollar,
    along with fierce price competition'.
     
    Richard, Jul 25, 2008
    #1
    1. Advertisements

  2. Richard

    Ray Fischer Guest

    Are still smarter than an idiot troll.
    And "a 16% jump in the number of digital cameras sold".

    Read your own quote, moron.
     
    Ray Fischer, Jul 25, 2008
    #2
    1. Advertisements

  3. .... couldn't glue Troll Richard's reputation together again.

    Back into the kill file with you.

    -Wolfgang
     
    Wolfgang Weisselberg, Jul 25, 2008
    #3
  4. Richard

    Richard Guest

    Nothing like selling more, and making less....
     
    Richard, Jul 26, 2008
    #4
  5. Agreed that it's a good thing. It means the we the customers are getting
    more and paying less. Capitalism works quite nicely when there's
    competition. Hooray for Nikon!
     
    David J. Littleboy, Jul 26, 2008
    #5
  6. Richard

    Dudley Hanks Guest

    Now, if only one of the major companies would either put RAW in a good PS
    camera, or add Live View to the bottom end of the DSLR line, I'd be happy...
    Dudley
     
    Dudley Hanks, Jul 26, 2008
    #6
  7. Look at Canon's recent DSLR offerings. Even the bottom end has live view.
     
    Michael Johnson, Jul 26, 2008
    #7
  8. Richard

    Jeff R. Guest


    Canon G9
     
    Jeff R., Jul 26, 2008
    #8
  9. Richard

    Wilba Guest

    <pedantic>That's an EVF Prosumer, not a P&S!</penantic> GDR
     
    Wilba, Jul 26, 2008
    #9
  10. Richard

    Jeff R. Guest

    Heh!
    It has 15 "dummy" modes - snows, sports, kids etc.
    I use it to point-n-shoot all the time!
    Prosumer!
    Gimme a break!

    :)
     
    Jeff R., Jul 26, 2008
    #10
  11. Richard

    Ray Fischer Guest

    If you weren't completely clueless you'd note that Canon sells a lot
    more than just cameras but you're pretending that the dip in profits
    is related to cameras.

    But you, being the CEO of a major corporation, know just what Canon's
    doing wrong, right?
     
    Ray Fischer, Jul 26, 2008
    #11
  12. Richard

    Wilba Guest

    Says prosumer right there on the DPReview review page ... Oh, bugger! There
    goes my credibility. :- ( :- )
     
    Wilba, Jul 26, 2008
    #12
  13. Richard

    Focus Guest

    Sony's A300 and A350?
    According to many reviews (except DPR) the best Liveview there is on any
    DSLR.
    Built-in Wireless flash is standard and works with *all* Sony flashes and
    compatibles (Metz, Sigma...),
    which Canon doesn't have at all and Nikon only in the more expensive models.
    Raw software is better, faster and more stable than either.
    Ah, just read the manual...
     
    Focus, Jul 26, 2008
    #13
  14. Richard

    Richard Guest

    Oh dear, you mean the profit loss in on the photocopiers? I guess they'll
    have to keep making it on the service agreements...
     
    Richard, Jul 26, 2008
    #14
  15. Richard

    Ray Fischer Guest

    Canon Inc. said Thursday its second-quarter profit fell 13 percent
    from a year ago as a stronger yen chipped away at the value of booming
    overseas sales of color copiers. The Japanese camera maker recorded a
    107.84 billion yen ($1 billion) profit for April-June, down from
    123.93 billion yen the same period the previous year. Quarterly sales
    totaled 1.106 trillion yen ($10.26 billion), down 1.9 percent from
    1.127 trillion yen.

    The sharp rise of the yen against the dollar was the biggest culprit,
    Canon said. Calculated in local currencies, sales of digital cameras,
    office equipment for copying and faxing, and other products jumped on
    year, it said.
     
    Ray Fischer, Jul 26, 2008
    #15
    1. Advertisements

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments (here). After that, you can post your question and our members will help you out.