Nikon profit soars
Aug 8, 2005 at 10:10:00 GMT
Among the doom and gloom stories of the last few months we today get some good news from Nikon that its first quarter profit has soared, Yahoo! News reports. Following several manufacturers reporting profit losses and job cuts, the world's second largest DSLR manufacturer announced an operating profit of ¥13.94 bn ($124.8 m), over four times the ¥3.13bn profit it made in the same period last year. Nikon attributes its success to a shift in focus to the digital SLR market as the low end of the market has become increasingly competitive and often non profitable.