Canon profits to decline 40% this year, Nikkei reports

(Image credit: Canon)

Canon has been the biggest player in the camera market for quite some time, but a new Nikkei report indicates that it’s tough at the top.

According to the report, Canon’s operating profit is set to shrink by 40% this year, down to 200 billion yen ($1.85 billion). This is roughly 60 billion yen short of its previous forecasts in April.

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Jon Stapley

Jon spent years at IPC Media writing features, news, reviews and other photography content for publications such as Amateur Photographer and What Digital Camera in both print and digital form. With his additional experience for outlets like Photomonitor, this makes Jon one of our go-to specialists when it comes to all aspects of photography, from cameras and action cameras to lenses and memory cards, flash diffusers and triggers, batteries and memory cards, selfie sticks and gimbals, and much more besides.  

An NCTJ-qualified journalist, he has also contributed to Shortlist, The Skinny, ThreeWeeks Edinburgh, The Guardian, Trusted Reviews, CreativeBLOQ, and probably quite a few others I’ve forgotten.