Disappointed with the fate of the EOS M line

Be that as it may (wrt: EBITDA), two points:

- according to Canon’s presentation materials, they are projecting a 40,000 unit increase in interchangeable lens digital cameras (YoY) 2022 ->2023, and the salient point they mentioned was increasing “the competitiveness of the R series cameras”, which I believe would indicate they expect to get sales that would have gone to competitors), AND

- in 2022, between their initial projection and the actual end of year, they actually experienced a 10.4% DECLINE in net sales ($B), while they secured a 4% increase in units YoY. 2023 is only projected as a 1% increase in units (2.86->2.90). Given the actual vs. projection in 2022, and the low % change in units projected for 2023, I think the risk is high that the actual units might be stagnant or will be a decline In 2023. Will definitely be interesting to see what really happens.

Also interesting was this — “Market size – 5.85 million units in 2023, same as last year”

BTW the Canon Imaging Unit also include network cameras, which are not included in the values I used (at least the best I can tell).

By no means do I think Canon Imaging are going out of business in the next few years, but I still believe they will end up exiting the prosumer business (by choice or not).

PS It was interesting that in their presentation materials, the salient point they mentioned for 2022 was “2022 - Increased unit sales by adding new EOS R series cameras that use APS-C sensors for first time“.

Here’s the link to the materials I referenced - https://global.canon/en/ir/conference/pdf/conf2022e.pdf