Canon in the news

Started Apr 21, 2004 | Discussions thread
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aevoegels Senior Member • Posts: 2,252
Canon in the news

TOKYO (Nikkei)--Canon Inc. (7751) and Nikon Corp. (7731) are boosting
production of their volume-sales SLR (single-lens reflex) digital cameras
priced slightly above 100,000 yen.
Canon has raised monthly production of its EOS Kiss digital camera to
100,000 units from 70,000. Production of the firm's mainstay SLR digital
camera was launched in September 2003, with the company's subsidiaries in
Oita Prefecture and Taiwan making 35,000 units a month each. Canon had
shipped a total of around 600,000 units by the end of March.
In addition, the company plans to expand its lineup of SLR digital
cameras by launching a professional-use high-end model priced at around
550,000 yen on April 29 and a budget model priced at less than 100,000 yen in
the near future.
Canon hopes production hikes and new product additions will boost its
annual SLR digital camera shipments from roughly 600,000 units in 2003 to
about 1.3 million units this year.
Meanwhile, Nikon has decided to boost production of its volume-sales
model D70 at its Thai subsidiary. The product was released on March 19 to
compete against Canon's EOS Kiss, and as of the end of that month a total of
100,000 units had been shipped.
According to the Camera & Imaging Products Association, worldwide
shipments of SLR digital cameras are forecast to grow 130% to about 2 million
units in 2004.
To cash in on the growth, Olympus Corp. (7733) is also planning to
launch a low-priced SLR digital camera within the year.
(The Nihon Keizai Shimbun Wednesday morning edition)

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