Olympus looking for profits next year

Olympus has today said that it is looking to bring its digital camera operations into the black after a tough time last year. Olympus are looking to shift a large amount of its domestic digital camera production to China. "Our biggest problem this business year was inventories,'' Yusuke Kojima, senior manager for sales and marketing in Olympus's imaging systems group, told a news conference. "Digital cameras have been hit by intensely competitive conditions.'' Like personal computers, he said, digital cameras now have a very short shelf-life because of the rapid emergence of new models.

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