Olympus to boost in-house digital camera production by 50 percent
Nov 10, 2004 at 16:19 GMT
Reuters has reported that Olympus is set to boost in-house production of digital cameras to 50 percent in one or two years to boost its ailing camera division. The decision to bring it in-house is due to losses of around $27.49 million and a 57 percent decline in net profit for the April - September first half period. Around 60 percent of Olympus digital cameras are currently produced by other companies.