Bloomberg: Nikon Cuts Profit Forecast

Started Aug 8, 2012 | Discussions thread
photo nuts
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Errr..... not sure....
In reply to Cy Cheze, Aug 10, 2012

Your statement about falling compact camera sales may be true for Nikon, but I looked over the Canon report you linked to:

http://www.canon.com/ir/results/2012/rslt2012q2e.pdf

and did not see the same trend.

From the above report:

"As for compact digital cameras, models launched this spring offering high image quality and and networking capabilities have supported healthy sales growth."

The Imaging System sales in Japan, Americas, Europe and Asia/Oceania have all increased for the first half of 2012 compared to the same period in 2011. There is a 3.6% increase in net income for Canon within the first half of 2012 as compared to the same period in 2011.

Cy Cheze wrote:

Likely, both companies will cut back the P&S camera sector, offering fewer models than before.

There is absolutely NO MENTION of cutting back the P&S camera sector for Canon.

Please stop making up stories.

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