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Canon Posts Higher Q1 Profits 2012 |
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Saturday, 28 April 2012 |
With many electronics manufacturers posting red ink on their earnings report this year, Canon seemed to fare pretty well, in which the company posted higher Q1 profits this year. The company announced that they have made a net profit of 61.54 billion yen ($766 million), which is up by 11 percent when compared to the same quarter a year ago. However, Canon has experienced a revenue decline at the same time.
Generally, VP and CFO Toshizo Tanaka announced that the company experienced an increase in unit sales for their SLR cameras, whereby the respective segment grew by 30% at Q1. Other contributing factors are the new EOS 5D Mark III as well as the cheaper T3i, Mark II and 60D models. If Canon continues to innovate their products, I’m pretty sure we’ll be seeing more positive growth this year.
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