Canon Reports Profits Of $766 Million, Up 11 Percent For Q1 2012

Posted on Apr 30 2012 - 4:36am by Editorial Staff

Canon over the weekend released its first quarter earnings figure, and what are better this time are the figures that have gone better than the last time. The new profit reached 61.54 billion yen ($766 million), up 11 percent although the revenue declined slightly. On the earnings call executive VP and CFO Toshizo Tanaka noted a unit sales increase of 30 percent for SLR cameras including the new EOS 5D Mark III as well as the T3i, Mark II and 60D models, combined with strong sales for WiFi-connected point-and-shoots.

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