Canon has reported first quarter consolidated net sales of 2005 are up by 5.7% due to net sales of US$7.8 bn (¥843.4 bn) compared to last year, reports Photo Marketing Newsline. Toshizo Tanaka, senior managing director and group executive for Finance and Accounting attributes the increase to strong sales of digital cameras especially the Digital Rebel XT (EOS 350D/Kiss N) and the subsequent sales of lenses plus several new compacts in the PowerShot range. Color copiers, inkjet and laser printers, and digital video camcorders have all added to the increase.

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Click here to see Canon's consolidated results for the first quarter