Olympus may quit the camera buisness in 2015!

Started Apr 16, 2010 | Discussions thread
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alaska_tim
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Olympus may quit the camera buisness in 2015!
Apr 16, 2010

That is, if they are not making more money than they are right now. This according to Tsuyoshi Kikukawa, the President of Olympus Corporation in an interview with Reuters published today:

Kikukawa, who took the helm at Olympus in 2001, said he aimed to bring the camera division's operating profit margin to at least 10 percent in five years, compared with an estimated 2.8 percent in 2009-10.

"Growth in high-end camera sales comes with growth in sales of lenses and accessories, which are also high-margin products," he said. "We need to hit a 10 percent margin in five years at the latest. Otherwise, it would not make a lot of sense for us to stay in the business."

You can read more here:
http://www.reuters.com/article/idUKTRE6232FA20100304?type=companyNews

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